HTC's July revenues fall 45 percent year-on-year

HTC has announced its unaudited July 2012 revenues, following the company's difficult second quarter. Last month HTC's unaudited consolidate revenues were NT$25 billion (~$835 million), down 45 percent from July 2011, and down some NT$5 billion (~$168 million) from the company's reported May revenues.

The fall in revenues can in part be attributed to the disruption in sales caused by the launch of the Samsung Galaxy S III (S3). That phone arrived in the U.S. in July across all major carriers following a strong European launch.

Financially speaking, 2012 has been a difficult year for HTC. The company experienced a 35% year-on-year fall in revenues in Q1, followed by a 57.8 percent drop in Q2 due to weaker than expected sales of its HTC One series.

Last month HTC closed its South Korean offices following difficulties competing with Samsung in its own back yard.

Source: HTC