HTC has seen its profit plummet for the third quarter in a row as it struggles to garner sufficient sales in a smartphone market dominated by Apple and Samsung.
The $A28 billion Taiwanese company reported a 58 percent drop in Q2 net income this year to $NT7.4 billion (A$234 million), compared to $NT17.52 billion for the previous corresponding period.
The results continue a worrying trend for HTC, which reported a 70 percent drop in net income for Q1 this year, and a 26 percent fall for Q4 last year. Q2 revenue for 2012 came in at NT$91.04 billion, compared to NT$124.4 billion in 2011.
For Q3 this year, HTC has forecast a similarly dismal result with revenues predicted to come in at between NT$70 and NT$80 billion, compared with NT$135.8 billion in the third quarter of 2011.
HTC's poor sales come despite a flurry of new product launches, which saw six new HTC smartphones enter the Australian market this year alone.