For the third quarter, the net profit of the Taiwanese company HTC fell by 79%, compared to the same period last year, and amounted to $ 133 million.
This is a record drop in profits since 2006. Moreover, at the end of the quarter, net profit did not even approach the $170.5 million mark predicted by analysts of The Wall Street Journal.
The company’s total revenue for the reporting period decreased by 48% compared to 2011 and amounted to only $2.4 billion.
According to IDC data, in April—June of last year HTC controlled 10.7% of the global tablet market, and according to this year – already 5.7%.
According to Vedomosti, after the publication of profit data, the company’s shares managed to fall in price by 7%, the overall decline in securities since the beginning of the year has already amounted to 46%.
According to Dennis Chan, an analyst at Yuanta Securities, the new models we’ve seen in recent weeks won’t change the game. HTC will be able to maintain its market share, but we won’t see much growth.