HTC revenues up 104%

Discussion in 'Tech News' started by WoZzY, Jul 29, 2011.

  1. WoZzY

    WoZzY The GRD Dev Team
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    HTC revenues up 104% and promises Apple lawsuit will not have a fundamental impact on the company

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    HTC said today that the lawsuit against Apple will not have a fundamental impact on the company, and they are preparing an appeal for the recent decision that they infringed two of Apple’s patents.
    “Many lawsuits nowadays are results of being successful; it’s part of the business,” said HTC CEO Peter Chou in a telephone conference with investors. “We will not bring the company to a dangerous position.”
    The HTC and Apple fight has been ongoing for sometime now and a lot of people are fed up. We had one rant here, and you can also read up about how HTC might be fighting back with the purchase of S3 Graphics. Overall the patents that Apple is suing for seem very broad as we reported last week.
    In other news, HTC announced second quarter earnings and things are still going well for the Taiwanese company. Revenues were up 104% year-over-year to NT$12.4 billion ($4.3 billion) and up 19% from the first quarter. They shipped 12.1 million devices during the second quarter which was up 24% year-over-year and 25% from the second quarter. So far, this year they have sold 21.8 million units as opposed to 8.7 million units for the first half of 2010. That is an increase of 250%.
    [via reuters and htc]
     
  2. czerdrill

    czerdrill Silver Member

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    I hope Chou doesn't think reversing the decision is going to be easy...or cheap