HTC earnings

Taiwanese smartphone maker HTC reported unaudited third quarter earnings. The numbers don’t disappoint and follow their equally successful June quarter sales trends when the company doubled profits on sales of 12.1 million smartphones. For the three-month period, HTC’s profits and revenues almost doubled year over year, buoyed on their extensive lineup of the recently released Android handsets.

Unaudited net profit topped T$11.1 billion, or about $360 million, an increase over the T$5.695 billion a year earlier. Operating income climbed to NT$20.2 billion in the third quarter and earnings per share were NT$22.03. Revenue for the quarter was NT$135.8 billion, an eighty percent sequential increase.

Going forward, HTC is expected to benefit from the ongoing interest surrounding the Android platform and a new cloud services model stemming from their acquisition of Dashwire. HTC is ranked the fourth smartphone maker globally and was the leading Android vendor and the second-best smartphone maker in the United States last quarter.

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HTC reported second-quarter earnings today and just briefly glancing at numbers was enough to realize why they’re the #2 smartphone vendor in the US. Per their statement, HTC grew its revenues by 104 percent from the year-ago quarter and shipped 12.1 million phones during the June quarter. The company reported revenues of  NT$12.4 billion, or approximately $4.3 billion, a 19 percent sequential increase. Net income for the quarter topped NT$17.52, more than double from NT$60.96 billion in the year-ago quarter (and an 18 percent sequential jump).

The 12.1 million phones shipped include devices powered by Microsoft’s and Google’s software and amount to a 25 percent and 24 percent sequential and annual jump in terms of units, respectively. Looking at the third quarter, HTC is modeling for a 10 percent quarterly increase and a 90 percent annual jump based on shipments of an estimated 13.5 million phones.

New phone shipped in the quarter include the HTC Sensation, EVO 3D, Wildfire S, ChaCha, Salsa and Flyer. The average selling price dropped from $359 in the previous quarter down to $349 because they brought new inexpensive handsets to the market. Much of HTC’s growth came from Europe, Asia and the United States, where Nielsen ranks them as the second-largest smartphone maker. The achievement is even more impressive taking into account that Apple is now the world’s leading smartphone maker and controls two-thirds of total operating profits in the handset business.

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