While almost every other aspect of the global economy indicates that we’re in for some seriously rough times, the smartphone market has been looking surprisingly spry. Even as mobile phone sales in general have been seeing a decline over the past months, smartphones sales have been growing steadily – despite a gloomy economic outlook for much of the world.
Whatever a slumping economy means to the average person, the reliable smartphone market is exactly what HTC needs to keep making money. The smartphone manufacturer has posted financial earnings of NT$11.44 billion (US$372.64 million) for July. The figure represents a 3.4% decline from the previous month, but improves on last year’s revenue by 26.4%.
“For the first seven months of this year, revenues topped NT$78.76 billion, up 32.4% from the same period of last year, the data showed. “
Furthermore, the growing smartphone segment has HTC expected to see revenues hitting NT$38 billion in Q3 2008 – representing a modest 10% growth, sequentially.
HTC is doing well, and we expected no less than impressive financial reports from the Taiwanese smartphone giant. And, with the US launch of the HTC Touch Diamond, HTC Touch Pro, and, most importantly, the Android-powered HTC Dream looming over the horizon, HTC’s financial futures should be secure through the middle of next year.