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MENAFN - 08/10/2012

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(MENAFN) Taiwan's HTC Corp announced that its net profit plunged 79 percent in the third quarter to USD133.17 million, compared with USD637 million in last year's same period, reported Reuters.

The world's fifth-largest smartphone maker said that revenue in the July-September period reached USD2.39 billion, whereas second-quarter revenue was USD3.10 billion.

In August, HTC said that it forecasts revenue in the third quarter to range between USD2.38 billion and USD2.72 billion.

The firm introduced new models in the past two weeks to recapture market share in the fourth quarter, with the release of the "HTC J" targeted at the Japanese market and the "HTC One X," an upgraded version of its high-end flagship model, both running on Google's operating system.

It is worth noting that in September, HTC has also launched 2 colorful models running Microsoft's Windows Phone 8 software, the Windows Phone 8X and the Windows Phone 8S, among the first in the market.

 






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