. HTC on Friday reported disappointing unaudited second-quarter earnings that showed a huge drop in profit as the struggling smartphone maker's woes continue. The Taiwan-based vendor said it earned approximately NT$8.90 per share in the second quarter for a total profit of NT$7.4 billion, down 57.8% from NT$17.52 billion in the second quarter of 2011, on NT$91 billion in sales. HTC beat revenue estimates in the second quarter last year when it managed sales totaling NT$124.4 billion. HTC cited customs issues and slower than expected sales with its disappointing performance.
Boy Genius Report , HTC profit plummets 58% in Q2, HTC profit plummets 58% in Q2
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