HTC announced their revenue for July which dropped 45% year-over-year with sales of the company's One series continuing to not impress. HTC's profit has dropped close to 60% in Q2 of this year, with the company warning that it will continue to struggle in Q3 as Samsung's Galaxy S III continues to shine as the king of Android phones.

HTC have said that their July 2012 figures have come in with revenues of NT$25 billion, or approximately $834 million. This is down from NT$45.11 billion in July last year. For the first seven months of this year, HTC's revenues came to a total of NT$183.9 billion, but when compared with the same time in 2011 with figures of NT$273.7 billion, we can see there are some serious problems there.

The only issue here is that HTC's problems are only going to get worse, with competition between Samsung and Apple set to explode with the current patent court case, and the impending release of Apple's next-gen iPhone. Samsung will also have the Galaxy Note II arriving soon, as well as more products in the near future. HTC, you need to do something, and do it fast.