HTC has announced net profits of NT$17.52 billion (US$607.38 million) for the second quarter of 2011, up 18% sequentially and 103% on year. Second quarter revenues were NT$124.4 billion, up 104% on year which beat its guidance.
Second-quarter earnings translated into an EPS of NT$21.69, a significant improvement from NT$18.36 of the previous quarter and NT$10.56 of a year earlier period.
Total shipments grew 25% on quarter and 124% on year to 12.1 million units in the second quarter, and gross margin for the quarter stood at 28.8% compared to 29.3% in the first quarter due to changes in product mix, the company said.
ASP stood at US$349 in the second quarter, up 2.6% from a year earlier but down 2.8% on quarter due to a ramp-up of entry-level models in the second quarter as compared to the first.
The company projected its revenues to top NT$137 billion in the third quarter, up 10% on quarter and 80% on year, with total smartphone shipments to grow 98% on year to 13.5 million units. Gross margin for the third quarter will hover around 27.5%-28.5%.
Digitimes photo archive
Article translated by Steve Shen
