Andre Yoskowitz
8 Oct 2012 23:43
HTC has reported another horrible quarter, as the company struggles to stay relevant in the smartphone market that is quickly becoming a two-horse race.
The company, which is the fifth-largest smartphone maker in the world, reported that Q3 profit fell 79 percent year-over-year, missing even their own downgraded forecasts.
Net profit came in at $133 million, down from $640 million during the same quarter last year.
By comparison, Apple posted a net profit of $8.8 billion last quarter and Samsung more recently posted a net profit of $7.3 billion for the quarter.
HTC will look to turn its fortunes around with the new Windows Phone 8-based HTC 8X and Android-based One X+.