HTC is one of my favorite cell phone makers right now. Their Android phones pop one after the other and they are definitely innovators when it comes to making Android smartphones and not only that you’d expect them to be pulling in some serious cash from this whole Android endeavor, right? Well it looks like they don’t bring in that much cash at all.

HTC has announced its Q3 financial results and it looks like they lost 18% compared to the same period of last year; that’s $179 million compared to $217 million last year. Let’s forget for a second that the worldwide financial crisis is affecting the way we buy stuff, cell phones included, and remember the fact that HTC is “the largest maker of phones using Microsoft Corp.’s operating system by shipments.” Is Windows Mobile bad for HTC? Should they make the definitive switch to Android?

via WSJ