HTC revenue up almost 70% from last year, proves hard work and Android always pay off
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Revenue for the quarter that ended in June is the healthy $1.88 bln, up 66.68% from the same period last year. Net profit is also up 33%, proving that the smartphone business is recession-proof, if done right. However, since we were mostly seeing the platform on more advanced, higher margin devices from HTC so far, it is not known what effect will bring Google's decision to put Android on cheaper handsets in China and India on future revenues. The company, however, has recently begun to cover this base with the budget HTC Aria on AT&T, and the HTC Wildfire.
Knowing the manufacturer, though, we are sure they will be pushing some more amazing hardware next quarters too, so we all wished we had bought some company shares when they were young and foolish. On last check, HTC stock was up almost 5% today on the revenue news.
source: Google finance via jkOnTheRun
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9 Comments
2. networkdood posted on 06 Jul 2010, 11:17 0 0
You may be correct, but HTC does it the best...
4. networkdood posted on 06 Jul 2010, 13:17 0 0
Yeah, I've owned the 8125, 8925 and now the ARIA - all great phones in their own time....sorry APPLE....
5. CRICKETownz posted on 06 Jul 2010, 13:44 0 0
I wouldn't say HTC does it the best...but then again, I'm not the biggest fan of Sense UI so that may be my gripe. Some cool features like the weather animation but wish they would work on something diff. From the original Touch Diamond to now hasn't changed much. But neither has Apple OS so guess it doesn't matter. Droid X let's go!
6. ILOVEIPHONE25 (unregistered) posted on 06 Jul 2010, 15:48 0 0
Wait until the Windows 7 phones come out from HTC. This company is going to grow....i remember going to the verizon store about the touch pro and they were expensive and nobody wanted them because of windows mobile...lets hope that windows doesn't do this again
8. CRICKETownz posted on 07 Jul 2010, 20:55 0 0
True...i remember bein able to count on one hand how many customers came into the store askin for the TP2. I think it was at like a $299 price tag AFTER rebate. Who's gonna go for that tote'n WinMo?
9. corps1089 posted on 11 Jul 2010, 22:25 0 0
I'm with you a hundred percent, I can't wait to see what innovation WP7 brings to the space and hope it is strong enough to stand up in the market to the betterment of all platforms [strong enough despite the undeserved rep that WinMo has and despite the Kin].
