HTC reports 58% drop in profit for Q2 2012


htc q2 2012

Things don’t look very good for smartphone maker HTC which has declared a pretty steep drop in profit compared to the same period last year when it posted record profit. Profit for Q2 2012 stood at NT$7.4 billion versus NT$17.5 billion profit in Q2 2011. That is a drop of about 57.7% in profit – ouch ! Although we are a big fan of the HTC One series mainly the One X and One S, looks like it’s not doing so well in the market. Seems like Samsung is dominating the Android phone market.

Here is a press release from Taiwan

HTC RELEASES UNAUDITED RESULTS FOR 2Q 2012
Taoyuan, Taiwan – July 6, 2012 – HTC Corporation (TWSE: 2498), a global leader in mobile innovation and design, today announces unaudited consolidated results for 2Q 2012. For the second quarter of 2012, total revenues reached NT$91.0 billion. Unaudited operating income was NT$8.2 billion, net income before tax was NT$8.9 billion, net income after tax, excluding minority interest, was NT$7.4 billion, and unaudited earnings per share after tax were NT$8.90 based on 831,227 thousand weighted average number of shares.


Author: Varun Krish

Varun Krish is a Mobile Technology Enthusiast and has been blogging about mobile phones since 2005. His current phones include the Apple iPhone 13 Pro and Google Pixel 6. You can follow him on Twitter @varunkrish and on Google+ You can also mail Varun Krish