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HTC surges 160% thanks to Android, to ship 8.5m phones in Q1

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.



By Electronista Staff
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Comments

  1. slapppy

    Fresh-Faced Recruit

    Joined: Mar 2008

    +1

    Microsoft

    Poor MS, HTC & MS were BFF. :-(

  1. pairof9s

    Mac Enthusiast

    Joined: Jan 2008

    +2

    Agree...

    This is much more of a concern for Microsoft than Apple, since HTC never had an option to choose iOS. Really, at this point, Microsoft needs to look hard at giving away WinPho7 to mfg just to get any traction in the market. That will lead at least to further app development on which MS can get some payback. Google is in actuality beating Microsoft at their own game!

    Otherwise, sorry, Ballmer...further ammunition for your CEO execution!

    /

  1. facebook_Justin

    Via Facebook

    Joined: Jan 2011

    +1

    comment title

    i point these two vital words directly at Android and it's supporters: Verizon iPhone :).
    2/10/11. RIP Android.

  1. shawnde

    Fresh-Faced Recruit

    Joined: Apr 2008

    +1

    Wow ... 5% profit !!!

    That's pathetic ..... they made $500 Million on sales of $9.55 BILLION !!! They made just over 5% profit on that huge volume. Good luck in the race to the bottom. I'll bet this year, they'll ship twice as many phones, and make half the profit of last year :-)

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