It's good to be HTC, no? The Taiwanese smartphone manufacturer released its Q3 2011 earnings this week. It shipped some 13.2 million phones, nearly double that of Q3 2010 and some 9 percent higher than the second quarter of 2011. After-tax profits were up 68 percent over a year ago to $18.68 billion.
A couple of areas HTC continues to focus on, it said in its earnings release, are China, and LTE. It's expecting further growth in LTE handsets in the United States (Verizon's got LTE now, and AT&T's in the midst of rolling it out), as well as Japan, Korea and Hong Kong. HTC also reaffirmed its commitment to the entry-level market, citing the HTC Wildfire as a top-seller.
And speaking of growing, HTC has 2,000 stores in China, and a factory in Taoyuan will be completed early next year and could increase production by 40 million phones a year.
So, yeah. It's good to be HTC.
- Filed under: