HTC reveals Q2 2012 financial results: 57.8 percent net profit drop blamed on customs issues and weak sales

Source: http://www.engadget.com/2012/07/06/htc-q2-2012-results-57-8-percent-fall-in-net-profit/

HTC has reported a substantial drop in its quarterly profits, with unaudited results for Q2 2012 totaling T$7.4 billion ($250 million), down from T$17.52 billion this time last year. While it marks an improvement compared to the company's dire first quarter of this year, HTC's been troubled by weaker-than-expected European sales, while customs issues have hampered US sales for high-end devices like the One X. Despite the continued global roll-out of the One series, sales continue to stall, with consolidated sales for last month totaled T$30 billion, unchanged from May and 33.4 percent less than June 2011.

HTC reveals Q2 2012 financial results: 57.8 percent net profit drop blamed on customs issues and weak sales originally appeared on Engadget on Fri, 06 Jul 2012 04:29:00 EDT. Please see our terms for use of feeds.

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