HTC has released its unaudited October 2012 financial results, showing a year-on-year fall in revenues of 60 percent. Last month the Taiwanese phone maker brought in NT$17.2 billion ($588 million), down from NT$44.114 billion ($1.5 billion) during the same period in 2011.
For the year to date, HTC reported total unconsolidated revenues of NT$246.2 billion ($8.4 billion).
Today's news follows similarly disappointing third-quarter numbers that saw HTC narrowly hit its revenue target, marking a 48 percent year-on-year fall for that quarter.
HTC will be hoping that new devices like the One X+, Windows Phone 8X and 8S as well as the (unannounced) Droid DNA will help to change its fortunes in the dying days of 2012. But with stronger competition than ever from the likes of Samsung and Apple, it won't be an easy task.
Source: HTC
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