HTC Profits Grow 33% in Q2, Revenue Jumps 58% Year Over Year
The Wall Street Journal has some impressive figures published, with relation to the famous Taiwanese smartphone maker HTC. The company managed to get a 33% increase in inaudited net profits in Q2 2010, meaning that the handset maker got $268 million in inaudited profit.
Its earnings reached $0.37 per share and the revenue growth is 58% now, beating HTC’s April forecast of 50% growth. Bonnie Chang, an analyst with Yuanta Securities estimates that the company will ship over 20 million phones this year, compared to the 12 million in 2009.
This is an expected success from the Taiwanese brand, specially if you take into account successful devices like the HTC EVO 4G, that sold over 200k units in a single weekend.