HTC 1Q 2008 earnings report hits high

Posted by Will on Tuesday, April 8th, 2008 at 8:24 pm under Financial, HTC, Announcements

HTC posts high financial reportWhile the likes of Motorola and Palm are suffering blow after financial blow to its bottom line, Windows Mobile ODM turned world-leading manufacturer HTC continues to beat financial performace expectations. With the posting of the Taiwan-based company's 1Q 2008 financial earnings report, we see that HTC earned NT$32.7 billion (US$1.08 billion) in revenue for the first quarter of 2008. That's a 38.6% year-on-year increase, but a 16.2% decrease from the previous quarter.

The first quarter's earnings meet the higher-end of market expectations for HTC. "The first-quarter bonus-adjusted net earnings were higher than expected due to a higher-than-expected gross margin and lower operating expenses in the January-March period," according to sources at HTC.

Well done, HTC. Just launch the Dream already and we're sure the mobile market will help you beat more financial expectations.

If you found this story interesting, why not subscribe to our RSS feed to get your daily fix of mobile technology news?


Related Mobile News:

  • HTC ships 2 million HTC Touch handsets
  • Transcript available of Nokia's Q1 2007 Earnings Report conference call
  • Palm, i-mate, and MWG go back to HTC for ODM handset orders
  • HTC 1H 2007 Financial Report
  • HTC Touch Diamond heads to India, forgets 3G radio
  • Leave a Reply