HTC profits for Q2 sees profits jump 33%, revenue 58% year-over-year, thanks mostly to Android

July 6, 2010, By Thomas Antony

HTC, today posted on of its best spring quarters in recent memory thanks to the large scale adoption of Android. The taiwanese smartphone manufacturer saw its net unaudited profile jump 33% compared to last year, to the equivalent of $268 million ( against $202 million a year ago ). We were impressed with HTC back in April when it forecast a record $1.6 billion revenue for itself over the second quarter, but now, the Taiwanese superphone maker has gone and outdone that with a $1.88 billion income over the period between April and June, showing a growth of nearly 58% compared to last year.

HTC, the Taiwanese phonemaker who was mostly limited to high-end Windows smartphones, is now a popular name in mainstream and high end smartphones, thanks in a large way to the raise in popularity of Google’s Android operating system. HTC was the first manufacturer to come out with an Android phone, when they released the T-Mobile G1/HTC Dream back in 2008. Since then, HTC has maintained a close partnership with Google and was hence the people behind Google’s own Nexus One smartphone.

Much of the rise can be credited to HTC’s decision to almost exclusively produce Android phones and its role as a producer of “halo” devices that draw customers to carriers. In the US, this includes the Droid Incredible on Verizon, and the HTC Evo 4G on Sprint, both of which are the flagship devices on their respective carriers. HTC also has a significant presence in Europe with their Desire, Legend and WildFire devices.

HTC executives didn’t say how many phones had shipped, but in late April it had predicted 4.5 million phones would arrive during the spring. Yuanta Securities analyst, Bonnie Chang, predicts that HTC will ship over 20 million handsets this year, up from 12 million in 2009. All-in-all a very impressive Q2 for HTC.

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