HTC Q1 profits up 19% year-over-year

By on Apr 6, 2010 at 3:40 PM
mobile April 6, 2010

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Today, HTC reported its 2010 Q1 earnings, and the vitals from the mobile handset giant all seem to be positive. Q1 revenues jumped 19% from Q1 of last year to $1.2 billion, with a net profit of $158 million and earnings per share at $0.20. The positive numbers prompted investment firm Morgan Stanley to raise HTC’s stock price target and firm Goldman Sachs to renew its “buy” rating on the stock. Revenue was down 8% from Q4 of last year, however that isn’t out of the ordinary as Q4 includes the holiday buying season. Anyone out there have plans to pick up a new HTC phone soon?  Incredible? EVO? Bueller?

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  • fresh

    htc evo please and palm let htc build ur phones..

    • Channan

      Nexus One with WebOS? Potential jizz, though I think I’ll stick with android for a while.

  • jackfrost

    If they don’t release the HTC Incredible soon, I’m gonna blow a gasket. I want that phone so bad, and I’ve had blue balls over since Black Friday 2009. Release it, Verizon!

  • Nancy Yu

    At least HTC can get their units with wifi to work properly, unlike Apple with the iPad.

    • Elway7

      @Nancy. Just read an article by the owner of techcrunch.com ( a true techi) He said His ipad would only work if very close to his router, but his nexus one had no problem with wifi anywhere in his house.

  • Neo

    iphone wanna be.

    • Sonya

      Seriously? I’m not even going to bother responding to you because you know that was a stupid comment.

      • Channan

        You responded though.

      • …

        dumbass

  • Donnation

    @Norm,

    Sounds like a hell of a party. j/k!

    Posted from BGR Mobile (iPhone).

  • JB

    Check out the EVO next to a 3GS, it makes the 3GS look like something from 2006. I will def pick up an EVO, I have no issues with the network. I can use HD recording and 8MP cam, I don’t need 400,000 iphone apps, I would barely use them.

    • Dreal05

      The android market will only get larger and better, you definitely won’t need Iphone apps.

    • NEEDMYDROID

      thats because the design is from 2006 lol

  • JB

    O and don’t forget 8 devices on hot spot for free…. at&t, when and if the new iphone has hot spot they will charge 30 a month for it. No thanks

  • Channan

    Just bought a Nexus One when it came out with AT&T 3G so I’m good on HTC phones for a while. But I can see why their profits are going up. They’re making amazing phones!

  • sprint fan

    yeah, htc phones have come a long way since the htc touch, on sprint….. Yuck (the phone- and windows)

  • sprint fan

    yeah, htc phones have come a long way since the htc touch, on sprint….. Yuck (the phone- and windows)
    but luckily, I am now proud of sprint to be getting the monster evo 4G! Good job HTC

  • n1

    @NoHypeHere,
    by the one you must mean the nexus one. my predictions always seem to be accurate.

    Posted from BGR Mobile (iPhone).

  • Dreal05

    Can’t wait to get my hands on the EVO. I need it!

  • firemanprice

    @ Channan, yes the N1 is a nice phone, but it’s not better than the Droid. Until they get the multi touch fix for the screen it will always be in 2 place. Now as for the Sprint Evo, I can’t wait to see this phone. With all it’s specs it should be the number 1 Android on the market. BUT it probably won’t. The only 1 thing that will hurt it is, it’s on Sprint. The worst no I take that back they are a little better than metro pcs. However I can say I do see Sprint trying to improve there service. Now put the Evo on Verizon network, my Droid can hang it up, and pass the crown.

  • 3 Phones Jugglin

    Its crazy how theres still people out there with a Death Grip on their MOGULS..Lol. That says alot. I wont Lie, my original HTC Touch is still preserved nicley in the box in case sumthin happens to my TP2 yet when the Evo is Released or perhaps a Qwerty Variant of it my TP2 will do just fine as a hand me down.

    HTC puts features in phones that people want and dream of…Apple Tells you what you want in a Phone and makes you wait a Year as they consider 1 or 2 adds. In the long run, HTC Phones will last longer than the IPhone..they just gotta bear through the bullshit.

  • terrytheconqueror

    HTC and WebOS… would be a match made in heaven…

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