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Telecom & Wireless

HTC Takes A Ride On Androids Coat Tails

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By Douglas A. McIntyre Updated Published
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Taiwan handset maker HTC posted earnings which nearly tripled last quarter to $513 million. The firm owes a substantial share of its success to Google. A very large portion of the HTC smartphones are powered by the Android OS which is quickly becoming the most popular in the world.

Credit HTC with catching the trend of Android success early. The company produced models years ago that ran Palm software and early versions of Microsoft (NASDAQ: MSFT) Windows. Those did not sell well, which kept HTC in the position of a niche provider as Apple (NASDAQ: AAPL), Research-In-Motion (NASDAQ: RIMM), and Nokia (NYSE: NOK). Now HTC is seen as a competitor to Apple. HTC already has 4G products in the market. Apple does not.

The HTC news shows that luck often plays an out-sized role in business success. HTC may have figured that Android would do well, but two years ago, that was nothing more than an educated guess. Android was also open source and free, which gave it a special attraction financially.

Whatever the reason, HTC has moved to the top of the smartphone business and left giants like Samsung, LG, and Nokia behind.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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