HTC financial report for Q1 2008 earnings on the bright side

HTC’s financial report earnings for Q1 2008 are out, and it’s showing a $32.7 billion NT, or about $1.08 billion US. Not bad for a company who used to only work behind the scenes for other mobile handset makers, and only recently started to roll out products under their own name. All in all, that’s a 38.6% year-on-year increase, although they’re lagging a little over 16% behind their earnings from the last quarter. Whether this fact has any real effect on HTC or not, it’s pretty clear that the company is currently on a roll. And once their Google Android powered HTC Dream is released, I’m sure they’ll be able to tap into even more markets, especially those in the business community.

Sources from inside HTC say, “The first-quarter bonus-adjusted net earnings were higher than expected due to a higher-than-expected gross margin and lower operating expenses in the January-March period.” Well, if that’s the case then I’n sure they’re not only well on their way to delivering the Dream, but could quite possibly roll out even more than what the public expects. Either way, the company seems to be in tip-top shape. Does that mean they can afford to lower pricing now?

Via [IntoMobile]