HTC's Profit Falls 79%

HTC has just announced its Q3 2012 earnings, revealing a net profit of NT$3.9 billion (roughly $133 million) from NT$70.2 billion ($2.4 billion) in revenue. In contrast, over the same period last year the company made NT$18.68 billion ($639 million) profit from NT$135.82 billion ($4.64 billion) revenue. That represents an enormous 48% drop in revenue and a 79% drop in profits year-over-year.