HTC Q2 financial results reported; Q3 revenue estimates lowered

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http://www.talkandroid.com – HTC announced today their third consecutive quarter of declining profits in conjunction with the release of their second quarter audited earnings report. HTC brought in approximately $3.0 billion in revenues to go with a gross margin of 27% and an operating margin of 9%. This yielded after tax net income of $247 million, down 58% compared to the first quarter of 2012. HTC holds about 14% of US smartphone market share, which is not bad in the face of stiff competition from Apple and Samsung. The situation is not as positive elsewhere, with market share in South Korea reportedly falling below 1 (IT news)