Brief: HTC hitting record high, Q2 2010 results show profits up 33%

Financial results posts can be boring if you’re not into numbers, so bear with me. HTC posted a profit of $268 million in Q2 2010, that’s up 33%. Revenues hit $1.88 billion. In April alone the company sold 4.5 million devices.

Yuanta Securities analyst Bonnie Chang predicts that HTC will ship at least 20 million mobile phones this year, up from 12 million in 2009. Just to throw some perspective on that, Nokia sold 21.5 million smartphones between January and March. That being said, I was shocked during February’s Mobile World Congress. When I went in 2008, everyone had a Nokia E71. Skipped the show in 2009. And in 2010 practically everyone either had the HTC Hero or a Nexus One.

And there you go. That wasn’t so hard, now was it? I’d give you more detail, but HTC’s investor relations frankly blow chunks compared to European and American companies.

[Via: WSJ, Engadget]

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