HTC phone sales beat expectations
Published: 6th Jul 2010 17:45:30
The Taiwanese smartphone maker HTC has reported a 41% sales increase for the first six months of 2010.
Year-on-year revenues to the end of June increased from 69.8bn Taiwanese dollars (£1.4bn, $2.1bn) to 98.2bn Taiwanese dollars (£2bn, $3bn).
Figures for the most recent three months reflected record sales, according to HTC.
The figures beat analyst forecasts, reflecting a switch by HTC to newly emerging markets.
"Normally, June is an off-peak season. The sales figures are really amazing," Michael Chiang of Taiwan International Securities told the AFP news agency.
HTC previously specialised in making phones branded for specific mobile networks, such as O2's XDA smartphone.
It is also the manufacturer behind Google's Nexus One phone.
Whilst HTC continues with that business, it is expanding its own brands, such as the HTC Desire.
Many of the firm's smartphones rely on the Google Android operating system, which rivals the Apple iOS, used in Apple iPhones.
Geoff Blaber, a phone analyst at CCS Insight said: "HTC traditionally has been very much focused on the premium phone segment.
"It is starting to address lower-cost, mass market segments."
Earlier this year, a row erupted between HTC and Apple over the technology used in rival smartphones.
In March, Apple alleged that HTC had infringed 20 patents Apple holds relating to the iPhone.
In a statement at the time, Apple's chief executive Steve Jobs said: "We can sit by and watch competitors steal our patented inventions, or we can do something about it.
"We've decided to do something about it,
"We think competition is healthy, but competitors should create their own original technology, not steal ours," he said.
Two months later, in May, HTC countersued, alleging that Apple violated five patents held by the company.
At the time, Jason Mackenzie, HTC vice president for North America, said: "We are taking this action against Apple to protect our intellectual property, our industry partners, and most importantly our customers that use HTC phones."
The cases are yet to come to trial, and have echoes of a similar dispute between Nokia and Apple which began in 2009, with the Finnish mobile phone giant suing Apple, which then countersued at the end of the year.
Mr Blaber said: "HTC is not the only company in dispute with Apple, and the reality is this is a dispute that is likely to continue for some time.
"What tends to happen in these cases is that an agreement will be met with regards to cross-licensing, where one party agrees to licence something in return for access to another."
On the Taiwanese stock exchange, shares in HTC closed up 5% at 495 Taiwanese dollars (£10, $15).
At 14:52:07 in EnglandA £40,000 project to reintroduce the water vole to Kielder Forest in Northumberland is under way.
At 14:46:14 in EnglandA new restaurant is expected to create up to 60 jobs at a seaside resort in Devon, its owners say.
At 14:34:40 in EnglandResurfacing work costing £1.6m is to be carried out on a section of the A1 in Northumberland.
At 14:11:56 in SportGoalkeeper Tim Howard thinks Everton fans were wrong to boo former manager David Moyes on his return to the club with Manchester United on Sunday.
At 14:09:51 in SportEngland wicketkeeper Jonny Bairstow says he is disappointed he will not get to play with Kevin Pietersen again.
At 14:02:30 in EnglandZoo visitors were shepherded inside buildings after a "tiger escape" alarm was set off "maliciously".
At 13:59:02 in WorldThe speaker of Syria's parliament has announced that the country will hold a presidential election on 3 June.
At 13:53:43 in WalesA climber has been rescued after slipping and dislocating his knee in Snowdonia.
At 13:52:54 in HeadlinesHundreds of people were killed because of their ethnic group after South Sudan rebels seized the oil hub of Bentiu last week, the UN has said.
At 13:38:27 in EnglandA man has appeared in court charged with murder after the fatal stabbing of a 24-year-old at a flat in Essex on Wednesday evening.
Harvard CitationBBC News, 2010. HTC phone sales beat expectations [Online] (Updated 6th Jul 2010)
Available at: http://www.ukwirednews.com/news/72996/HTC-phone-sales-beat-expectations [Accessed 21st Apr 2014]
News In Other Categories
The head of the CBI has said the business organisation does not think the economic case for Scottish independence has been made.
The speaker of Syria's parliament has announced that the country will hold a presidential election on 3 June.
Avengers director Joss Whedon has surprised fans by releasing his latest film online at the same time as it premiered at the Tribeca Film Festival.
Two canoeists who got into difficulty near Ullapool have been located safe and well.
A £40,000 project to reintroduce the water vole to Kielder Forest in Northumberland is under way.
An Apprentice Boys feeder parade past St Patrick's Catholic Church on Belfast's Donegal Street has passed off without incident.