HTC ships 9.7M units in Q1, revenue up 174% year-over-year

By on Apr 29, 2011 at 12:23 PM
General April 29, 2011

HTC is getting the job done. The company reported Q1 earnings this morning, and the Taiwanese handset maker saw staggering growth in nearly all metrics. During the first-quarter of 2011, the company shipped 9.7 million units, a 192% increase from the same quarter last year and a 6% increase from the previous holiday quarter. The company also posted revenues of NT$104.16 billion, up 174% year-over-year and 0.1% quarter-over-quarter. Gross profits and total assets also jumped 162.2% and 75.1% respectively year-over-year. Not a bad little quarter for HTC. The company expects shipments to be between 11 million and 11.5 million units in Q2, which would represent a 100+% increase year-over-year.

Read

Tags:
, , , , , , , ,
10 Comments

Related Articles

  • Anonymous

    Make quality products
    Be the first phone for majority of new technology (first android, first wimax/lte/hspa+, first 4″3″ phone, first nexus, etc)
    Sell them at a reasonable price
    Profit

    • Anonymous

      Absolutely. HTC is a model for other software licensing companies, especially the ones that aren’t making any money (LG and Motorola come to mind).

      And yet, though they sold about half as many devices as Apple sold iPhones, they only made 1/6th the profit ($3 billion vs $500 million). RIM, which is in a tailspin, still nearly doubles HTC’s profit, despite only selling about 50% more devices. HTC is heading in the right direction, and they’re at the top of the OS licensing companies, but those revenues and profits will never compare to the companies that offer their own OS. It’s why Motorola is working on their own, and why HP is sticking with WebOS.

      • http://www.youtube.com/watch?v=AR6HpRLyzMY Walter Sobchak

        What company besides apple offers their own os with that type of profits? Does HP make that much off of webos phones?
        How will they make more by creating their own OS than using a free one? From percentage of app sales and ads?
        I know you used rim as an example, but they seem different in that they were there when it all began, and are rooted in enterprise and people resistant to change.

  • Anonymous

    Go Taiwan!

    • Yup

      steve jobs does not approve of this comment

  • Anonymous

    Well done HTC

    • Anonymous

      They are really living up to the company motto, “quietly brilliant”

  • madiha malik

    steve jobs does not accept of this comment

  • Manit Suri

    So many of these companies owe Google so much for making Android. Even though is a good manufacturer of WM phones, Android made them who they are now.

    • Anonymous

      I think Google should pay HTC to help them cover the Android licensing fees . . . to Microsoft, and possibly to Oracle in the future.

blog comments powered by Disqus