HTC passes Nokia in market cap, now at $33.9 billion

By on April 7, 2011, 4:04 AM
Taiwan-based HTC Corporation has a market capitalization of $33.9 billion. A very impressive figure, but it becomes even more so when you compare this number to two companies that were many times larger than HTC just a few years ago, as pointed out by All Things Digital.

HTC's market cap recently passed RIM's -- currently at $28.5 billion -- and this week edged out Nokia's, now at $32.8 billion. The company has been building and selling smartphones roughly as long as Nokia and RIM, but its early embrace of Google's Android has helped it grow to have a market value 30 times what it was five years ago. It has also chosen to support Windows Phone, but this new platform has yet to prove itself.

Market capitalization is the share price times the number of shares outstanding (shares that have been authorized, issued, and purchased by investors) of a publicly traded company. It is the public's opinion of a company's net worth, and is one of many ways to measure how a business is growing.

Just like pretty much any smartphone company these days, HTC is planning to enter the tablet market this year. The HTC Flyer (image, video) is a 7-inch tablet expected to ship this quarter.

User Comments: 5

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bioflex said:

i have used a couple of htc smart phones and i must commend them for the quality of products they make. i hope they get to go even higher heights, nokia on the other hand has gone back even though they had so much of a head start, i know its going to be hard but nokia can still come back and i wish they do, until then HTC ftw.

Guest said:

Wow, I am really surprised.

I am a Desire owner and thought HTC is some smaller company than that. I was a big Nokia fan for years, but since phones are getting clever Nokia proved nothing. They are way behind and I have no clue why they are acting like this.

HTC on the other side for this year they look quite weak with their lineup. HTC flyer is the same. I like it but looking at the specs it has to be really really cheap compared to other competitors.

fpsgamerJR62 said:

About a decade, nobody had even heard of HTC. At that time, they were manufacturing phones for the better known companies and even custom-made smartphone models for specific telecom companies. From a little known OEM to a company that has surpassed the market capitalization of the industry leader, that's quite an achievement.

Archean Archean, TechSpot Paladin, said:

I am not surprised by this, but there is one unique aspect in this, HTC make one hell of 'boring' looking (but generally reliable) devices, so to achieve this on top of that is phenominal.

Edito Edito said:

Congrats for HTC they really build great Phones i used the imate JAMin for 5 years with no probs and upgraded last month to a HTC Desire and i must confess it's an outstanding experience and i intend to use HTC for ever.

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