TAIWANESE PHONE MAKER HTC has reported its October 2012 financial results, and they don't make for comfortable reading.
HTC's latest numbers show that its October 2012 revenues came in at NT$17.2bn (around £368m) - a year-on-year drop in revenues of 60 percent. The firm's third quarter numbers saw HTC post a 48 percent decline in year-on-year revenues, so this worsening confirms that company is continuing to struggle against competition from Apple and Samsung.
Worryingly, these October figures show that HTC is already around 14 percent short of its NT$60 revenue guidance for the fourth quarter.
The firm apparently is pinning all its hopes on its latest devices, the HTC One X+, HTC Windows Phone 8S and top-end HTC Windows Phone 8X.
It's going to be hard going for the company, but we became fond of the HTC Windows Phone 8X during our time with the handset. Scoring eight of out 10 in our review, the handset features a 1.5GHz dual-core Qualcomm Snapdragon processor, a vibrant 4.3in HD S-LCD2 touchscreen, 8MP and 2MP cameras, Beats Audio and 16GB of internal storage.
However, HTC looks set to fight a fierce battle against Nokia's flagship Lumia 920 handset, which topped the HTC Windows Phone 8X with a score of nine out of 10 in our review. µ