updated 11:20 am EST, Fri January 21, 2011
HTC has banner 2010, promises 8.5m in Q1 2011
HTC on Friday said its profit jumped 160 percent in the fall as part of record business it expected to accelerate this year. Its decision to focus on Android for almost all of 2010 saw it reach a net profit of $501.2 million. A push on North America was evident as more than half of the $9.55 billion in revenue it made in all of 2010, 50.6 percent, came from North America; it shipped 24.6 million phones worldwide last year.
The company also expected that growth to pick up in 2011 and forecast that it would ship 8.5 million phones in the first quarter of this year. HTC would double production at its main Shanghai factory to two million phones every month to keep up with demand, CEO Peter Chou said. It was counting on phones using HSPA+ or LTE to drive these sales and singled out both the Inspire 4G at AT&T and Thunderbolt at Verizon as its halo devices so far.
Although not mentioned, HTC is also likely to launch a wide range of new phones at Mobile World Congress in mid-February and could have a Desire sequel along with as many as four other models. Chou confirmed that his firm was working on a tablet as well, but wouldn't name it; leaks have revealed that it twice as many iPhones in the fall as HTC planned to ship in the winter. Combined with Motorola and other core Android developers, it could still help Android outsell iOS in phones, although not when including media players and tablets.