Quietly Troubling: HTC Q3 Sales Down 48% To $2.4B, Expects Even Weaker Q4 Of $2B

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http://techcrunch.com – HTC today officially released its financials for Q3, and the news continues to be bad for the Taiwanese smartphone maker: the company reported revenues of 70.2 billion Taiwan dollars ($2.4 billion), down 23% from last quarter’s $3 billion and 48% compared to the same quarter last year. The company also provided a trading update for the all-important holiday period encompassed by Q4 and the numbers are not pretty: it anticipates revenues of NT$60 billion, or $2 billion. Earnings per share are down by nearly 80% to NT$4.70 ($0.16). The company does not report how many handsets it has sold, (IT news)