HTC misses targets yet again
HTC’s third-quarter earnings paints a dire picture for the phone maker’s ongoing profits, as the Taiwanese giant once again performs below analyst expectations and company forecasts.
The world’s fifth largest smartphone maker said today its third-quarter profit fell by 79 percent year over year as it continues to struggle in the face of its competitors’ devices and sharper sales.
HTC reported third-quarter total revenue of 70.2 billion Taiwan dollars ($2.39 bilion), down from 91 billion Taiwan dollars ($3.04 billion) in the second-quarter — a drop of more than 20 percent — and down from…
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