HTC Q1’11 Results No Surprise – Met Analysts’ Expectations, And Then Some
It’s almost pointless to report about HTC’s financial results because the result is always the same – analysts set high expectations and HTC far exceeds them. And it’s almost always usually driven by their position in the Android world as a high-end handset provider. (Though we know Windows 7 and Brew are playing into the fold, recently.)
HTC raked in NT$14.83 billion ($511 million) in profits beating previous expectations of NT$12.99 billion. Overall revenue was NT$104.2 billion. Just yesterday, it was reported that they surpassed Nokia and RIM in market capitalization. They did this by shipping 9.7 million handsets in Q1 – that’s nothing to sneeze at.
HTC’s clearly raking in the dough just as easily as they always have as they always seem to be on the edge of new technology. Sure, they were a bit slow with getting dual-core devices into the market, but who wasn’t beside LG and Motorola?
And being the first to provide 4G options on all of America’s major carriers is quite an accomplishment. HTC still knows how to plant their flag in the handset market and their continued quarterly success clearly shows. With devices such as the EVO 3D and the HTC Sensation coming up in Q2 or early Q3, I can’t doubt that they’ll be able to do it again.