HTC Revenues Jump To New Highs On Android Sales


Credit: Tricia Duryee

HTC’s sales in June and during the second quarter hit a record high, revealing that its focus on branding and building Android-based smartphones could be gaining momentum.

The Taiwanese handset maker, which has recently received attention for its launches like the HD2, running Windows Mobile, and Android devices like Verizon’s Incredible and Sprint’s HTC EVO 4G, said revenues in the second quarter hit 60.5 billion New Taiwan dollars ($1.88 billion), growing 58 percent in the past year. The company’s profits totaled NT$8.64 billion ($268 million), or NT$11.77 (37 cents) a share, up from NT$6.51 billion, or NT$8.30 a share, a year earlier.

In a short press release about the company’s performance, HTC said second-quarter earnings were better than its original guidance, and that both June and Q2 revenues “continuously hit record high shows good execution of brand strategy and grow scale strategy.”

Other signs are pointing to HTC’s success as well. While many other phone manufacturers, ranging from Motorola (NYSE: MOT) to Samsung and LG (SEO: 066570), are making phones on the Android OS, it got out of the gate first and has kept up a steady stream of products. Google (NSDQ: GOOG) confirmed recently it is now activating 160,000 Android phones a day, up from only 100,000 a day in mid-May — indicating a monthly growth rate of 60 percent.

Comments are closed.