Over the past couple years, HTC’s revenue and profits have increased by leaps and bounds. Unfortunately for HTC, Q1 of 2009 has taken a hit. HTC’s net profits came in at NT$4.89 billion ($148 million), down from NT$6.94 billion ($210 million) for the same quarter in 2008. HTC is not blaming the global economic downturn for the 30% drop in profits, but did note that the numbers could have been higher is they had not missed a few product shipping deadlines. HTC did beat most analysts estimates which predicted that profits for the quarter would come in at about NT$4.64 billion ($140 million). Check out the pull press release here (warning – pdf file)
With Q1 behind them, I’m sure HTC is looking forward to an incredible Q2. HTC is about ready to release the Touch Diamond2, the Touch Pro2, the Snap, and the Android powered HTC Magic. Lets just see what happens.
