Late last week, HTC posted its Q2 results for 2012, and they weren’t pretty. Profits are down 60 percent year over year. But perhaps the most visible sign of decline comes from revenue. After all, consumers don’t necessarily know if a company makes money based on what it sells. But if HTC sells fewer phones, it’s a highly visible change. And that’s exactly what has been happening. HTC revenues dropped by more than 25 percent in Q2.
This week the Taiwanese manufacturer posted results for July, and sales were down by 45 percent. This is worrisome because it suggests HTC’s revenue woes are accelerating, not easing.
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Source: http://feedproxy.google.com/~r/androidcentral/~3/ddgU7jQpZ7M/story01.htm
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