HTC Revenue Exceeds all Expectations and scores a Small Profit

HTC just posted its financial results for the Q3 of the year and the company is reporting a slight decline in sales. Despite the bad news, however, the phonemaker remains profitable as cuts in costs have offset the slowing in sales.

The company's quarterly revenue is $1,38 billion  of which profits were $21,1 million. In comparison, the previous quarter was kinder to HTC with a revenue of $2,15 billion and profit of $75,5 million.

HTC saw the largest drop in sales in July by some 33% compared to the same period last year. However, in August the company saw 10% sales jump compared to the same month of 2013. Analysts blame the launch of the iPhone 6 and iPhone 6 Plus for HTC's 7.9% fall in sales in September.

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