HTC reports record-breaking Q1, predicts a continued trend through Q2
Taiwanese smartphone maker HTC had a record breaking Q1 with T $104.16 billion ($3.63 billion in US dollars) in revenue, the company announced in a conference call with investors Friday. The tech giant, the fifth largest smartphone maker in the world, also discussed its predictions for Q2, saying that it will bring in T $120 billion ($4.18 billion US dollar) in revenue from April through June, doubling their numbers from the same quarter last year.
The company shipped 9.7 million units in Q1 and expects that number to grow up to 11.5 million in Q2. Investors credited the consumer demand for the Android OS as the company’s main driving force, citing strong sales of recently released handsets including the Thunderbolt, the Inspire 4G, and the Incredible S. (Check out our initial review of HTC’s newest US handset, Verizon’s Droid Incredible 2, here.)
HTC CFO Winston Yung said that the company plans to build a new plant in Taoyuan, Taiwan, which will allow the company to increase production and meet the growing demand for smartphones in China. The company will also hire 1,000 new employees in both its research and development departments.
Looks like HTC is rolling in the dough and plans on doing so for the foreseeable future. We can’t complain, seeing that this will likely mean more and more Android-flavored HTC smartphones hitting the market in the coming year. Hit the source link for the full investor’s report.