HTC's revenue up 29 percent for 2008

Posted on Wednesday, Jan 7, 2009 by Phil Nickinson
 
Filed Under: News; Tags: htc, Finances

HTC, everyone's favorite Taiwanese smartphone manufacturer, has released its 2008 numbers, and Digitimes breaks it down for us.

High Tech Computer (HTC) has announced revenues for the fiscal year 2008 (ended December 31, 2008) reached NT$152.56 billion (US$4.61 billion), with 28.65% on-year growth. Net income after tax was NT$28.68 billion, with a net EPS of NT$38.03 for the full year, according to the company.

No mention of straight profits. Fourth-quarter revenue was up about 21 percent over Q4 of 2007.

The Touch Diamond-series phones and T-Mobile's Android-based G1 are cited as movers and shakers on the year. For 2009, HTC plans about 10 new Windows Mobile and Android devices and is looking to grow revenue 20 percent.

 
 

Comments

"No mention of straight profits".

What do you think "net income after tax" is?

I’ve been aware of HTC since their beginning. About 10 years ago, we introduced an HTC PDA to the market labeled as ours. We had been designing and manufacturing handheld computers for years – HTC was to be our low cost off shore manufacturing partner. As they grew, HTC expanded into design. We provided design guidance.

HTC helped Compaq with the iPAQ PDA which took the world by storm. A few years later, HTC was much larger, and focused on customers larger than us. We continued developing handheld computers.

I have a sense of pride when I hear about HTC growth. They deserve to become a recognized name in the handset market space.

HTC is innovative and their leaders have a vision. Mobile devices face a tough life in a rugged environment – I know firsthand the technical challenges. It’s a competitive market, and users have very high expectations. Every phone manufacturer has supporters and detractors. HTC growth is a good measurement. Over $150/yr for a 12 year old company tells me they’re doing a lot of things right….

Brian in Seattle

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