HTC on Friday reported disappointing unaudited second-quarter earnings that showed a huge drop in profit as the struggling smartphone maker’s woes continue. The Taiwan-based vendor said it earned approximately NT$8.90 per share in the second quarter for a total profit of NT$7.4 billion, down 57.8% from NT$17.52 billion in the second quarter of 2011, on NT$91 billion in sales. HTC beat revenue estimates in the second quarter last year when it managed sales totaling NT$124.4 billion. HTC cited customs issues and slower than expected sales with its disappointing performance. Read the full story at Boy Genius Report.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.