HTC recently released its financial reports for the second quarter of 2010, and it looks quite amazing. They reported total revenues of $60.53 billion TWD, equivalent of $1.8 billion USD. That means 66.68 percent growth year over year. The company sold 5.4 million handsets in the second quarter, up from 3.3 million units during the quarter prior, and they have 3 million units increase in sales judging by the same time last year (2.4 million).
HTC also has this in their Q2 corporate slides: “We have two production bases, one is located at Taoyuan, Taiwan, which current rate is up to 2mn unit per month in Taiwan and continue increasing; another factory is located at Shanghai, China, and we plan to increase our China capacity up to 1mn monthly run rate from 3Q10. Therefore, our total capacity can go up to more than 3mn per month from 4Q10.” Hopefully with the capacity increase will be able to end the shortages seen in US and other markets.
The numbers are tremendous and it looks like everything is coming to pieces for HTC. Great business strategy, amazing devices and extraordinary marketing appear to be the key to their success, and they enjoy it to the last bit. The HTC devices are on the top of their game and they are more than competent in order to create competition on the smartphone/PDA market. Great job guys!