HTC has reported net profits of US$133.2 million for the third quarter of 2012, down 56% sequentially and 82% for the year.

Third-quarter gross margin stood at 25%, down from 27% in the previous quarter and 28% in the same quarter of 2011, the company said in an investors conference.

The company expects its revenues to dip to NT$60 billion in the fourth quarter compared to NT$70.2 billion recorded in the third quarter. Gross margin will drop to 23% from 25% and operating margin will decline to 1% from 7% during the same period,

HTC said that China remains a key growth driver in the third quarter, continuing to further increase local brand awareness, retail presence, and operator partnerships.

Sales to the US was in line with expectations in the third quarter with flagship products were well-received, the company noted.

By: DocMemory
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