HTC’s newly released unaudited third-quarter numbers show a net profit of about $21 million from $1.37 billion in quarterly revenue.
The new numbers dipped below HTC’s second-quarter unaudited results of $72 million in net profit on quarterly revenue exceeding $2.17 billion.
Despite the sales decline, HTC still beat analysts’ profit estimates for the quarter and performed exceedingly better than in the year-ago quarter when it lost $98 million.
HTC’s hero phone, the One M8, is still one of the best-reviewed high-end smartphones of the year. The company in August released a version of it Android flagship running Windows Phone instead.
Even with its highly touted phones, HTC continues to lose ground in the U.S. In Comscore’s latest numbers covering through July from the end of April, HTC lost another 0.6 percent market share and dropped to 4.7 percent total.
Filed Under: Devices
