HTC is now worth $33.9 billion, more than Nokia and RIM
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HTC Android tablet is now available. It is the first Google Chrome OS tablet with Android 3.0. HTC Android tablet has multi-touch capable display with a resolution of 1280×720 pixels…
HTC reportedly will launch a tablet PC using Nvidia’s Tegra 2 platform and Google’s Android operating system. The device will feature a multi-touch panel with a resolution of 1280×720, a 32GB solid state drive (SSD), 2GB of memory and several functions such as Wi-Fi, Bluetooth and GPS.
With support from Nvidia’s platform, the device’s multimedia performance is expected to be stronger than that of iPad. The device will also feature software support such as Chrome Web apps and Android Market from Google."
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HTC is now worth $33.9 billion, more than Nokia and RIM
By: Jeffrey Van Camp
April 6, 2011
HTC has a market cap of $33.9 billion, more than both Nokia and RIM, two companies that were dozens of times larger than it just a few years ago.
HTC has come a long way in the past few years. High Tech Company has been building and selling smartphones roughly as long as Nokia and RIM, but its early and focused embrace of Android has helped it grow to have a market value 30 times what it was five years ago, reports All Things D. Today, HTC’s market cap (the price of its shares multiplied by the number of shares) is $33.9 billion, edging out Nokia’s $32.8 billion and RIM’s $28.5 billion.
Unlike many of its competitors, HTC has focused a lot of its efforts on design and user experience. Unlike many Android devices, HTC phones manage to stand out due to some unique hardware and software design decisions. HTC is also big on relationships and new trends, creating unique devices (4G, 3D, etc) and branding for carriers like Sprint and embracing Microsoft’s Windows Phone platform as well.
Goldman Sachs analyst Robert Chen expects HTC to ship 200 million smartphones and 30 million tablets worldwide each year for the next three to five years. Crazy? Yeah. Chen explains: “This reflects its superior position, which allows [HTC] to benefit from the broadband convergence trend, significant growth potential in emerging markets, as well as its leading product roadmap and branding campaign that continue to increase its preference among global consumers.”
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HTC first quarter profit triples on Android popularity
The HTC Evo 3D phone (L) and the HTC Evo View 4G tablet are unveiled by Sprint at the International CTIA wireless industry conference, at the Orange County Convention Center in Orlando, Florida March 22, 2011. (Credit: Reuters/Scott A. Miller)
TAIPEI | Fri Apr 8, 2011 5:08am EDT
TAIPEI (Reuters) - Taiwan smartphone maker HTC Corp said first-quarter profit almost tripled, beating forecasts, driven by strong demand for its handsets, particularly those running on the Android operating system
The company, which has just overtaken erstwhile industry giant Nokia Oyj in terms of market capitalization, said on Friday that unaudited first-quarter net profit was T$14.83 billion ($511 million). Analysts had forecast a profit of T$12.99 billion.
"That its first quarter would be above expectations was well foreseen, Q1 seasonality was better than expected," said Bonnie Chang, an analyst at Yuanta Securities in Hong Kong.
"For the second quarter everyone is expecting revenue sequential growth in the high teens to 20 percent, shipments will be strong and average selling prices are holding up pretty well."
Growing demand for phones running on Google's Android platform will help the smartphone market grow in 2011, boosting companies such as HTC and Samsung Electronics who are betting on the platform.
The smartphone market is likely to grow 58 percent this year and 35 percent the next, according to research firm Gartner.
Android's popularity has helped Asian manufacturers to rise fast in smartphone rankings. HTC's market capitalization topped that of Nokia earlier in the week after a 29 percent surge in its share price so far this year.
The shares touched a high of T$1,220 on April 7 this year, more than triple the T$360.5 on April 6, 2010. That surge has helped turn its chairwoman, Cher Wang, into Taiwan's richest person.
On Friday, the shares closed down 3.3 percent at T$1,160 versus the benchmark index's 0.08 percent fall.
Yuanta's Chang said she expected to raise her price target for the shares to around T$1,300 to T$1,400, where she expected most other broker targets to be.
HTC said consolidated sales for March reached T$37 billion, more than double the same month a year earlier. First-quarter revenues reached T$104.2 billion. The company did not elaborate in its statement.
It has said at the beginning of the year that it expected revenue and shipments would be more than double in the first quarter this year, helped by a new generation of products.
(Reporting by Argin Chang and Jonathan Standing; Editing by Jacqueline Wong)"
