Ina Fried

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HTC Sales Continue Steep Upward Trend

Taiwanese cellphone maker HTC issued another upbeat earnings report on Friday, as second-quarter profit and revenue more than doubled from a year earlier.

The company said it earned 17.52 billion Taiwanese dollars (US $606.7 million) on revenue of NT$124.4 billion ($4.3 billion) in the quarter. Unit shipments of 12.1 million were up 123.7 percent from a year ago and almost 25 percent from an already strong first quarter.

“Consumer reactions to our award-winning designs have driven us to another record-breaking quarter,” HTC CEO Peter Chou said in a statement. “Our teams work so hard to create each individual experience on the device, and it is gratifying for all of us to see them embraced at the volume levels we are consistently reporting across the globe.”

Average selling prices ticked up 2.6 percent from year-ago levels, to $349. The average selling prices did dip a bit from the prior quarter as the company introduced several lower-priced Android smartphones, including its Facebook-centric ChaCha and Salsa phones, as well as the Wildfire S.

For the third quarter, the company said to expect shipments of about 13.5 million units with revenue of around NT$137 billion, up 10 percent from the prior quarter and 80 percent from last year’s third quarter.

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald