HTC can afford to live high on the hog this year after posting higher revenues than the company anticipated. For the first quarter of 2010, HTC reported $1.19 billion in revenue, a 19.33 percent increase from one year ago. In a best case scenario, HTC had hoped to report anywhere from $1 billion to $1.07 billion for the quarter.
New phone shipments played an integral role in driving up HTC's numbers, particularly Android-based smartphones to T-Mobile and Verizon Wireless, market watchers noted. March was especially kind to HTC, in which revenues reached $515.57 million, a 60 percent sequential jump and 32.38 percent rise on year.
Market watchers expect HTC to perform even better in the second quarter, predicting revenues will reach as high as $1.37 billion.