HTC Q2 profits soar on the back of Android OS

July 6, 2010: 12:53 PM ET

With Windows Mobile device sales on the decline, HTC more than makes up with Android. The Wall Street Journal points out (subscription required) that HTC posted a profit of $268 million for Q2 2010.  That's up 33% year over year from $202 million in Q2 2009 and the highest HTC has posted since it changed its accounting practices in 2007.  HTC reported $1.88 billion in revenue, $280 million over its estimates for the April/May/June quarter.

HTC also announced sales of 4.5 million phones in April alone.  That's a staggering run rate of 54 million phones a year.

Smartphone sales for the year should be about half of that according to Yuanta Securities analyst Bonnie Chang. She expects HTC's handset shipments to rise to 20 million units this year, almost double the 12 million they sold in 2009. More

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