HTC reveals Q2 2012 financial results: 57.8 percent net profit drop blamed on customs issues and weak sales
![](https://s.yimg.com/ny/api/res/1.2/yGo1CTG3kdA5zzc6HceGOg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYzOA--/https://s.yimg.com/uu/api/res/1.2/B98.zrLFKhZLese52XUGeA--~B/aD0zOTk7dz02MDA7YXBwaWQ9eXRhY2h5b24-/https://www.blogcdn.com/www.engadget.com/media/2012/04/htconexreviewlead01.jpg)
HTC has reported a substantial drop in its quarterly profits, with unaudited results for Q2 2012 totaling T$7.4 billion ($250 million), down from T$17.52 billion this time last year. While it marks an improvement compared to the company's dire first quarter of this year, HTC's been troubled by weaker-than-expected European sales, while customs issues have hampered US sales for high-end devices like the One X. Despite the continued global roll-out of the One series, sales continue to stall, with consolidated sales for last month totaled T$30 billion, unchanged from May and 33.4 percent less than June 2011.