HTC market cap to hit all-time high, surpassing $35B this year

By on Apr 7, 2011 at 7:00 AM
Business April 7, 2011

HTC’s market capitalization is expected to soon surpass NT$1 trillion according to a report on Wednesday from Taiwan Economic News. The company’s market cap recently passed the NT$900 million mark, and analysts believe it will grow beyond NT$1 trillion — just below $35 billion USD — this year. As HTC pushes out popular devices like the EVO 4G, Legend and Desire, the company’s shipments and revenue continue to grow; HTC shipped 25 million devices in 2010, a 111% increase over the prior year, and it forecasts revenue growth of 147% in 2011. Should HTC’s market cap surpass NT$1 trillion this year, it will be just the third company on the Taiwan Stock Exchange to reach the milestone, joining Taiwan Semiconductor Manufacturing Co., Ltd. and Foxconn parent company Hon Hai Precision Industry Co., Ltd.

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7 Comments

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  • WTF

    They should suck android off for their success.

  • Anonymous

    So 14 years into the phone business and they have a market cap of $33+ Billion today. Apple has been in the phone business for 4 years and their market cap is well over $300 Billion. The best that Android has to offer is 1/10th of what Apple is?

    Then again, I am sure that HTC is nearing a savings account of $70 Billion, right?

    • Hi

      uhhh ok and how long has Apple existed as a company and how many other products does it sell?

      Idiot.

    • Anonymous

      What’s your point? Yay, Apple is successful. They have $70 B in the bank. I find it odd that consumers of a company are so proud that the company they love has so much money just lying around. How did they get that much money?

    • http://profiles.google.com/ijnc26 Ivan Nieves

      you’re serious? HTC just makes phones, apple makes “phones”(whose antennas don’t work), mp3 players, destops, laptops, accesories, sells music, etc.

      You’re about 20 different kinds of dumb

    • Anonymous

      If u add up the market cap of samsung, rim, htc, motorola and nokia it almost equals 300 billion. :-) lol.

    • KCRic

      Actually this growth didn’t start until Android came around. Sort of like how Apple didn’t grow much until the iPhone was released. The difference is, Android hit the market AFTER the iPhone had a large fan base. I agree, this guy is 20 kinds of stupid but he’s also not a fanboy – he’s a fanatic.

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