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

HTC revenue up almost 70% from last year, proves hard work and Android always pay off
Known as High Tech Computer, when it was young and poor, HTC is behind some of the most innovative and talked-about phones of lately. They didn't soul search like Motorola, Nokia or Sony Ericsson, they just offered what users wanted. When Android was unleashed to the masses, they quickly reworked their portfolio to offer some of the most enticing phones with the green robot to date. Switching to Android, instead of paying royalties to Microsoft for their outdated mobile OS, has definitely had a positive effect on HTC's financials, if last quarter's results are any guidance.

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

1. vzw fanman

Posts: 1977; Member since: Dec 11, 2008

that's because android is the best.

2. networkdood

Posts: 6330; Member since: Mar 31, 2010

You may be correct, but HTC does it the best...

3. JackFace

Posts: 190; Member since: Nov 03, 2009

Isn't that the truth.

4. networkdood

Posts: 6330; Member since: Mar 31, 2010

Yeah, I've owned the 8125, 8925 and now the ARIA - all great phones in their own time....sorry APPLE....

5. CRICKETownz

Posts: 980; Member since: Oct 24, 2009

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

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

7. iHateCrapple

Posts: 734; Member since: Feb 12, 2010

Shut up

8. CRICKETownz

Posts: 980; Member since: Oct 24, 2009

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

Posts: 492; Member since: Jan 20, 2010

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].

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