HTC releases Q3 earnings, net profit down at $137 million

HTC has released their quarterly earnings, and the trend that has plagued them for the better part of this year is still happening: the company is losing revenue. This quarter HTC had revenue equal to $2.4 billion dollars with a net profit of only $137 million. That number is down almost 50% from last quarter when the company had about $250 million in profit.

If this trend continues HTC will find itself in big trouble by year's end so here's hoping their brand new Windows Phones and HTC One X+ model succeed.

Here follows the official press release:

HTC RELEASES UNAUDITED RESULTS FOR 3Q 2012

Taoyuan, Taiwan–Octoboer 8, 2012: HTC Corporation (TWSE: 2498), a global leader in mobile innovation and design, today announces unaudited consolidated results for 3Q 2012. For the third quarter of 2012, total revenues reached NT$70.2 billion. Unaudited operating income was NT$4.9 billion, net income before tax was NT$4.0 billion, net income after tax, excluding minority interest, was NT$3.9 billion, and unaudited earnings per share after tax were NT$4.70 based on 831,227 thousand weighted average number of shares.

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I disagree. I love my HTC - it's the best phone I've ever had. Sense is great to use - very polished. I would purchase another HTC phone any day.

68k said,
I disagree. I love my HTC - it's the best phone I've ever had. Sense is great to use - very polished. I would purchase another HTC phone any day.

I used to have a Desire, but HTC refuses to repair it under warranty.
Reboots - which are commonly known for this device - due to bad motherboards.
Customer service employees that don't give a damn about customers and hang up during a phone call....

Not very friendly I would say.

Just shows how bad their new One line actually did. I've been saying it for months now that Android is Samsungs playground and HTC, LG and the others are fighting for scraps. If this doesn't prove it to you I dunno what will. As Samsung keeps growing it's share of the market and profits HTC keeps going south. Maybe now we know why they've decided to once again push Windows phones more for Q4, might as well try something when what you've been doing for most of 2012 hasn't been working.

GP007 said,
Just shows how bad their new One line actually did. I've been saying it for months now that Android is Samsungs playground and HTC, LG and the others are fighting for scraps. If this doesn't prove it to you I dunno what will. As Samsung keeps growing it's share of the market and profits HTC keeps going south. Maybe now we know why they've decided to once again push Windows phones more for Q4, might as well try something when what you've been doing for most of 2012 hasn't been working.

bs... and let me guess. you think your precious windows phone sold better? the one line sold pretty well. something else is going on in htc that we don't know about. money is being mismanaged.

smooth3006 said,

bs... and let me guess. you think your precious windows phone sold better? the one line sold pretty well. something else is going on in htc that we don't know about. money is being mismanaged.

Oh please, the fact is no one wants their android phones, deal with it. The One line didn't sell, and you wanna put the tinfoil hat on and blame it on "something we don't know about"? Really? You don't see the fact that Samsungs been setting records on it's end all the time HTC has been going south? You don't think those two facts have nothing to do with each other?

Fact is, HTC bet on Android heavily, and it's now not paying off. It hasn't been since the end of 2011. The fact HTC even thought about going more in with WP just proves this fact, they're now forced to try something else. I guess it hurts for you to admit it.

GP007 said,

Oh please, the fact is no one wants their android phones, deal with it. The One line didn't sell, and you wanna put the tinfoil hat on and blame it on "something we don't know about"? Really? You don't see the fact that Samsungs been setting records on it's end all the time HTC has been going south? You don't think those two facts have nothing to do with each other?

Fact is, HTC bet on Android heavily, and it's now not paying off. It hasn't been since the end of 2011. The fact HTC even thought about going more in with WP just proves this fact, they're now forced to try something else. I guess it hurts for you to admit it.

you and dot matrix are the biggest windows phone fanboys ive ever seen. you blame everything on android. i just cannot take you seriously when you refuse to look outside the box. and you say htc bet big on android. what about the almost dead company nokia putting "total" faith in windows phone?

Samsung dominate Android sales now.
Also, the one thing I am starting to notice is that Samsung customer's are becoming just as fantical and defensive as Apple customer's are. In my opinion this will only mean one thing. Samsung will continue to grow and dominate the Android market.
Not sure that is such a good thing, especially when Android as a concept was meant to be 'Open'... I'm not saying it isn't but there may be a day when Samsung are the only hardware provider...

Yeah people walk away when they do not get updates on time... I had HTC, now I will buy Samsung Galaxy S3 The battery is much better that One X and has other features that One X doesn't have.

I have a HTC Desire HD but won't buy another HTC because we were stabbed in the back at the last moment when they wouldn't release ICS after promising it twice. Now I'm running Jelly Bean on it and it's faster and smoother than HTC could ever hope to make a phone.

thealexweb said,
I have a HTC Desire HD but won't buy another HTC because we were stabbed in the back at the last moment when they wouldn't release ICS after promising it twice. Now I'm running Jelly Bean on it and it's faster and smoother than HTC could ever hope to make a phone.

There is no law that says, your device is suppose to get a new OS. if your device came with 2.2...then it qualifies to get an upgrade to anything 2.2x. No law says you should get 2.3, 2.6 3.2 or 4.0. Just saying.

That's why Android is greats. if the phone maker doesn't upgrade, you have the option to root and do it yourself.

TechieXP said,

There is no law that says, your device is suppose to get a new OS. if your device came with 2.2...then it qualifies to get an upgrade to anything 2.2x. No law says you should get 2.3, 2.6 3.2 or 4.0. Just saying.

That's why Android is greats. if the phone maker doesn't upgrade, you have the option to root and do it yourself.

What's annoying is that for nearly a year they promised the update was coming then six days before the deadline they set they u-turned three times, if they had been honest and not spent months faffing about I might have forgiven them but no, my next Android will be a Nexus.

thealexweb said,

What's annoying is that for nearly a year they promised the update was coming then six days before the deadline they set they u-turned three times, if they had been honest and not spent months faffing about I might have forgiven them but no, my next Android will be a Nexus.

What was the issue? Isn't that the device where they said at the end, that no matter how they tried, ICS wouldn't fit in the ROM space on the device? The downside of using ROMS. This is where Apple is a bit better. The OS is installed on the Flash drive in the device. Downside is you lose space with every iOS update, but the good thing is there is enough space for it.

I understand your frustration. My rule of thumb is, I don't believe what I hear, I believe what I can see. Promises mean nothing. They are just empty words that have only as much credence as you give them. Until the promise is kept, they are just words.

TechieXP said,
What was the issue? Isn't that the device where they said at the end, that no matter how they tried, ICS wouldn't fit in the ROM space on the device? The downside of using ROMS. This is where Apple is a bit better. The OS is installed on the Flash drive in the device. Downside is you lose space with every iOS update, but the good thing is there is enough space for it.

I understand your frustration. My rule of thumb is, I don't believe what I hear, I believe what I can see. Promises mean nothing. They are just empty words that have only as much credence as you give them. Until the promise is kept, they are just words.

They said they couldn't but since nerds in their bedrooms could manage it I'm skeptical. They say user data would have been lost, okay then do what you did with the Desire Froyo rom and upload it on your website and do a void warranty if you use thing.

thealexweb said,

They said they couldn't but since nerds in their bedrooms could manage it I'm skeptical. They say user data would have been lost, okay then do what you did with the Desire Froyo rom and upload it on your website and do a void warranty if you use thing.

yea but don't those ROMS drop Sense UI?

I agree with some of the above comments. Samsung now owns the Android Market. Also I think HTC's image has been ruined by producing crappy mid/low end android phones. Though to be fair I feel most manufacturers make crappy mid/low range android phones. Thats why I think its right they seem to be taking more of a focus on the new WP8. The 8X and 8S look like great phones. As a mid range phone goes I will be telling all my friend and family to get an 8S or if they really want low end the Lumia 610/510. I hope it works out for HTC.

Richard Cousins said,
I agree with some of the above comments. Samsung now owns the Android Market. Also I think HTC's image has been ruined by producing crappy mid/low end android phones. Though to be fair I feel most manufacturers make crappy mid/low range android phones. Thats why I think its right they seem to be taking more of a focus on the new WP8. The 8X and 8S look like great phones. As a mid range phone goes I will be telling all my friend and family to get an 8S or if they really want low end the Lumia 610/510. I hope it works out for HTC.

the problem is they have to sell wp.. no one will buy.

still1 said,

the problem is they have to sell wp.. no one will buy.

That is true. I think the problem in part is marketing. I never see a WP advert. The only one I have seen is the Nokia Lumia ad and that's it. They needs ads like Apple has for the iPhone. A purely Microsoft ad that shows of the OS's features and then at the end shows who makes windows phones and who sells them. Most people don't realise it even exists.

Richard Cousins said,

That is true. I think the problem in part is marketing. I never see a WP advert. The only one I have seen is the Nokia Lumia ad and that's it. They needs ads like Apple has for the iPhone. A purely Microsoft ad that shows of the OS's features and then at the end shows who makes windows phones and who sells them. Most people don't realise it even exists.

Most people don't care about the OS or the version of the OS on the device. It's the look of the device itself and the feel of it that draws them towards it. OEMs know this, which is why they've been selling newer devices with older builds of OSs for quite some time.

The majority of consumers are fine with what they get on their phone initially, hell many of them will just get a new phone, and with it a newer version of the OS, in 2 years when their contract ends. That's just the way the market works. I do agree though that only Nokia has been marketing it's phones when it comes to WP, but now HTC is going to have to do the same as well and I expect them to.

HTC had a loyal customer in me, but now I've been burned by their abandonment of their products twice. Unless they produce a Nexus phone in the future, I will never buy another HTC product. It is Nexus or nothing for me from now on. Twice bitten is two too many.

I was always an HTC fan from the very beginning with Windows Mobile. When Microsoft crapped all over us after Windows Mobile 6.5, I changed over to Android and ended up with a Samsung Infuse 4G which was a descent phone. After Windows Phone 7.5 came out, I tried it with buying a HTC Titan. I love the Titan but it has a few bugs that HTC didn't bother fixing. Instead they came out with a HTC Titan 2 and scrapped the one I have. Looking at the new HTC Phones, is like HTC has taken a step back. The designs are pretty, but with no SD card slot and removable battery, majority of their phones have been deal breakers for me on both Android and Windows Phone platform.

i don't know what the deal is with htc but they better get their act together before their done and gone from the smartphone market.

Wow! I personally feel sorry for HTC. I have owned 2 devices from them and almost owned a 3rd an 4th. The first was the HTC TouchPro2 which I loved with Windows 6.5. The downside is the phone was so slow thanks to its cheesy 528Mhz CPU, while other devices were using 800Mhz at the time. The HTC Incredible was at the time the best smartphone I ever had, even over the iPhone 4. It was lighter, bigger, thinner and very nice to use. The next one I look at the was the HTC Surround and the One X. I would have certainly got the One X if it came to Verizon. But it didn't. I wanted he Beats Audio. I did check it out at T-Mobile, but I didnt want the S.

The latest HTC bunch really suck. The 8X looks like a cheap Lumia/Focus. HTC lost their way. The HTC Desire which is the foundation for the Thunderbolt, One Series and the Incredible is a beautiful line of devices. The aluminum unibody looks awesome on the X. But, HTC isn't making the grade now and they look very cheap and lazy looking. Sorry HTC. I love Sense UI...but the you seem to be losing more than just customers.

I think Nokia's Windows devices will kill off HTC and Samsung's Android devices will kill off HTC's Android offerings. Sense is great but way to much of it is being used in 4.0 and you dont see any Android at all. At least Samsung did leave many Android original elements in the OS. I hated TouchWiz and Love sense and now its the other way around. If the Xv comes to VZW I may consider it, but I am already eying the Galaxy Note II.

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