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HTC surpasses Nokia in market capitalization

Posted: , by Victor H.

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HTC surpasses Nokia in market capitalization

Just a couple of years ago, you might not have even heard about this Taiwanese company called HTC. Now, riding the success of its smartphone lineup, the quietly brilliant company has surpassed Nokia in terms of market capitalization reaching $33.8 billion, more than Nokia's $32.8 billion. It's also well ahead of BlackBerry maker RIM, which has $28.5 billion worth of market value.

HTC's market value skyrocketed with growth of over 30 times in the last five years – all due to flourishing mobile business. A recent Goldman Sachs report suggested that HTC hasn't reached its peak just yet and will continue growing. What's behind the growth? “A very unique business model and ecosystem strategy,” the report underlines.

HTC surpasses Nokia in market capitalization
We've seen HTC pick a very successful approach in focusing mostly on high-end devices. Actually, if you look at statistics for the last quarter of 2010, you'll see that the Taiwanese phone maker has one of the highest average selling prices in the industry – $364 per handset in the last quarter of the year. In comparison, Nokia's average handset selling price for the same period was around $210. For the Taiwanese, it all started with the company's Windows Mobile handsets, but the true success came with Android and the HTC Sense skin, which promises to deliver an even better experience with interactive lock screens in its latest 3.0 version. But what's next for HTC? An event scheduled for April 12th in London might unveil HTC's new dual-core flagship, so stay tuned.

source: Bloomberg

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posted on 07 Apr 2011, 06:48

1. Timmy72 (unregistered)

THIS is why HTC is quietly brilliant!

posted on 07 Apr 2011, 08:10 3

2. TDroid21 (Posts: 70; Member since: 04 Apr 2011)

HTC is really brilliant when it comes to quality and craftsmanship in their products nads teh htc sense best ui. It gives an air of luxury and excellence taht's why i love holding HTC in my hands.

posted on 07 Apr 2011, 10:12

4. Goldeneye (Posts: 419; Member since: 22 Jan 2011)

Also great customer support beyond the sale, take note Samsung, Sony, etc

posted on 07 Apr 2011, 11:39

5. AppleFUD (unregistered)

Where are all the apple fanbois now saying how all Android OEMs aren't making any money?

freakin iTards always spreading their FUD,

posted on 07 Apr 2011, 14:55

6. harbinger (unregistered)

way to go htc n_n

posted on 07 Apr 2011, 15:30

7. snowgator (Posts: 3604; Member since: 19 Jan 2011)

I am sold on HTC. While all device makers make some really good products, they all also make really bad ones. HTC has had some misses (I hear really poor things on the Hero, for example), but have learned from these misses to improve the product they put out to a level of quality that is almost unfair. Whatever carrier you end up with, you will find a solid, smooth performing phone.

posted on 07 Apr 2011, 17:29

8. LionStone (Posts: 844; Member since: 10 Dec 2010)

I'm sold on them too. My first Droid experience was the Incredible and now the T-Bolt is another great experience...I played around with the Moto's, Samsungs and the hTc has a great feel for functionality and ease. Was leanin on the Xoom but now I'm glad to wait for their tablets to come out.

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