HTC has just announced dismal result for the third quarter of the year headlined by just NT $3.9 billion (about $133 million) in net profit.

While it may seem to still be quite a lot of money for ordinary people, that net profit figure is down 79 percent from HTC’s showing during the third quarter of last year.

HTC made NT $18.68 billion (about $640 million) on NT $135.82 billion (around $4.64 billion) in revenue during the July to September quarter last year.

The $133 million in profit for Q3 2012 comes on NT $70.2 billion (approximately $2.4 billion) in revenue.

Looking over the third quarter performance report from HTC, one notices that in just a year, HTC “cash and cash equivalents” has shrunk from nearly $3.6 billion to $1.7 billion.

The picture also doesn’t look to improve for the company for the fourth quarter as it warns another lackluster quarter ahead with guidance of NT $60 billion (approximately $2.05 billion) in revenue for Q4 2012.

Image from Beshroffline on Flickr (CC)

About Solon Harmony Dolor

A passion for technology and journalism makes this upcoming writer very interested in social media and technology news. Fresh from finishing an English and Journalism degree from the University of the Philippines Diliman, he aims to bring interesting news to our readers .