HTC profit decreases by 18 percent in Q3, but they're still ok

HTC, the strongest player on the Windows Mobile field, declared their financial results for the third quarter of the year. The company has reported a healthy net profit of 179 million US dollars, though that is still 18 percent less than the same period of last year.

The total revenue of HTC devices reached went down to 1.06 billion US dollars, from 1.18 billion only a year earlier. The achieved revenue is at the bottom of their July forecasts (1.06-1.12 billion dollars).

HTC didn't give a reason for the decline in its earnings, but analysts said the Taoyuan-based company increased its spending on marketing, while at the same time reduced the prices, due to the extremely fierce competition on the smartphone scene.

Meanwhile Samsung have obviously recorded another successful quarter. They have just announced that their consolidated revenue for the three months ending at September 30th is 36 trillion Korean won (about 31 billion US dollars). The consolidated operating profit is 4.1 trillion Korean won (3.5 billion dollars) indicating that the company is already starting to shake off the consequences of the global economy crisis.

The full report of the Samsung earnings for the third quarter of 2009 will be disclosed in the following days, after the board of directors' approval.

We also expect Nokia to unveil their Q3 financial results report on the 15 October and Sony Ericsson on 16 October.

Sources: Samsung.com, Total Telecom