PC Mag – HTC faltered in its battle against Apple and Samsung this quarter with a 79 percent drop in quaterly profit.
As Bloomberg noted, net income came in at $133 million, but that was about $18 million less than analysts expected.
In July, PCMag’s Jamie Lendino said HTC needed its new One series to be a smash in order to compete. “Could HTC join RIM and Nokia in its own death spiral?” Lendino asked at the start of the third quarter. “Unfortunately, it’s not looking so good for HTC right now.”
The One X and S are scheduled to get the Android 4.1 Jelly Bean upgrade this month, but HTC is already on to its next generation of One devices. The HTC One X+ and VX are coming to AT&T; the One X+ is the first U.S. LTE phone with a quad-core Nvidia Tegra 3 processor. For more, see PCMag’s hands on and the slideshow below.
Meanwhile, rival Samsung reported a $7.29 billion third-quarter profit. Operating profit rose 91 percent during the quarter, and the Galaxy S III and Note devices lent a hand to the mobile phone division earnings, up 93 percent in the three-month period. Sales reached about $46.8 billion, but Samsung will release full results at a later date.