That's a year-over-year figure and is based on the fact that, sadly, its pretty good One series handsets are not selling as well as HTC devices once were.
In fact profits at the Taiwanese giant plummeted almost 60% in the second quarter of this year and there's more bad news ahead with HTC admitting it is preparing for a rough third quarter too, all of which Lewis covered a few days back.
In terms of the specifics right now, though, new info paints an even bleaker picture. This time last year, HTC had just made around $45.1 billion over the month of July. Last month, the figure dropped to a considerably less respectable $834 million.
HTC's main problem is another Asian firm it once led, but now trails behind: Samsung. We all know how popular the Galaxy line has become, with the Galaxy S II and now, the Galaxy S III rapidly becoming THE handset to have if you're an Android fan looking for the best out there.
That's not to say HTC is producing bad devices because it isn't. The One X is a great little piece of kit and even the One S - which replicates those features on a budget spec - is a nifty little machine we'd be proud to own. And had they been released a year ago, they'd have rocked the mobile world. But the fact is, they have been overshadowed by Samsung and HTC has now got so much ground to make up.
And it's concerned about the third quarter with good reason - that's set to bring another competitor to the masses in the form of the iPhone 5. Which will surely harm sales even more.
We really hope HTC is working on some new real cutting edge devices behind closed doors. For the sake of a competitive market as much as anything.