HTC Q1 profit triples on demand for Android phones

By on Apr 8, 2011 at 8:00 AM
General April 8, 2011

HTC on Friday reported first-quarter 2011 earnings highlighted by profit that handily beat analysts’ estimates. Tremendous demand for the company’s popular Android smartphones such as the EVO 4G and ThunderBolt helped HTC record a first-quarter profit of NT$14.83 billion ($511 million) compared to analyst expectations of NT$12.99 billion. HTC said its first-quarter revenue grew 174% to NT$104.2 billion, and analysts believe continued strong demand for Android devices will help HTC’s revenue grow up to 20% in the second quarter of this year. BGR on Thursday reported that HTC’s market capitalization, which recently surpassed that of Finnish phone giant Nokia, is expected to surpass NT$1 trillion this year, making HTC only the third company on the Taiwan Stock Exchange to reach the milestone. Share of HTC stock closed down 3.33% on Friday.

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20 Comments

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  • http://www.addtostock.com carychen

    yesa

  • Anonymous

    No mention on WP7? HAHAHAHA Android FTW…

    • http://www.droiddoes.com/ Norm

      I know. Today is a good day. I HATE all other OSes besides DROID! I hope they all fold and we have one OS (android). Even with one OS we will still have choice and freedom due to DROIDS openness. For example if you want 2.2 there are sill plenty of phones coming out with that CHOICE. If you want 2.3 there are some on their way as well. DROID FTW!!!

      • Smoke

        One choice? Are you stupid or are you stupid? If There’s only one choice then what’s the point for innovation? If there is no competition innovation in that industry will be stagnant! Just be happy all of them are competing.

      • Anonymous

        Don’t reply to Norm. He’s a sad little man who spends his days pretending to be an android fan. In reality he’s an Apple or WP7 fanboy.

        I actually feel kind of sorry for him. This is his life…

  • hello

    HTC Incredible FTW 2010

  • Bullyboyb

    Lol, I want the G1.

  • Korcari1980

    I liked I thing that htc ivo is the number one phone so far in 2011 I think is better then iPhone 3g or 3gs from sprint

    • Bringit

      Typical droooiiidd spelling/grammar. Actually, above average.

      • http://twitter.com/atlharry Harold Min

        bitter bitter man leads sad life of apple evangelism.

      • Bringit

        I liked I thing.

      • Steve Hillshire

        You worded it wrong…. not bitter man, bitter troll

  • Anonymous

    It would be better if they gave actual information instead of unaudited statements.

  • http://pulse.yahoo.com/_2BNOIBHBFICJEAPJLGHKK3WHPE DADDY WARBUCKS

    who cares.
    more phones doesnt mean better quality

    • Bringit

      exactly.

    • Steve Hillshire

      When an iPhone stops dropping calls, you come back here and talk about quality. You and FlingIt who are so high on the horse that anything but Apple is cheap and sub par are preaching quality and using phones that completely suck as a phone. Go call the kettle black somewhere else you trolls…

      • Anonymous

        LMAO. Name one phone that’s better than the iPhone 4. Just one.

  • Anonymous

    Taiwan >>>>>>>> California

  • Steve Hillshire

    Another company that Android is saving :) HTC makes a great phone no matter what platform is running on it. Their hard work is finally paying off.

  • Anonymous

    HTC proves that if you make quality hardware you can sell a massive amount of phones, unlike Samsung thats made my EPIC DISASTER, and I’ll never buy any phone branded Samsung again. (Previous HTC Evo owner & G1)

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