HTC revenue up almost 70% from last year, proves hard work and Android always pay off
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