HTC manages $21 million Q3 profit, but revenue continues to slide

[Wireless News]

http://l3.yimg.com/bt/api/res/1.2/wGZykH_cprGZ8pzQ.ZX_EQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9Njk7dz0xMzA-/http://media.zenfs.com/en_US/News/BGR_News/bgr-htc-one-m8-hk-5.jpg (http://news.yahoo.com/htc-manages-21-million-q3-profit-revenue-continues-114506280.html)HTC on Friday announced unaudited financial results that showed an 8% decline in revenue in September, but the company still managed to eke a third-quarter profit as cost-cutting measures continue to boost HTC’s bottom line. After a massive 33% on-year revenue decline in July was reversed with solid 10% sales growth in August, September saw HTC swing back to a decline as revenue fell to NT$16.7 billion ($549 million USD) from NT$18.2 billion in the same quarter last year. HTC’s total third-quarter revenue fell 11% on year to-NT$41.9 billion. On a-somewhat brighter note, the Taiwan-based smartphone vendor managed an NT$640 million ($21 million USD) unaudited profit in the third quarter, though continued cost-cutting measures were largely to thank as opposed



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