HTC and RIM estimated royalty for 2011 by quarter
HTC's handset sales reported to IDCC in 2011 by applicable calendar quarter as follows:
Q4 2010 = 9.1m (reported to IDCC in Q1 2011)
Q1 2011 = 9.7m (reported to IDCC in Q2 2011
Q2 2011 = 12.1m (reported to IDCC in Q3 2011
Q3 2011 = 13.2m (reported to IDCC in Q4 2011)
Total HTC reported units 2011 = 44.1m
HTC's estimated royalty and rate per unit for each of the four quarters of 2011 as follows:
Q1 IDCC total revenue = $78.5 million total revenue x 10% contribution HTC = $7.85 million indicated royalty / 9.1m handset sales in Q4 reported to IDCC in Q1 = 86 cents indicated royalty per unit
Q2 IDCC total revenue = $69.9m x 11% HTC = $7.7m indicated royalty / 9.7m HTC handset sales in Q1 reported to IDCC in Q2 = 79 cents indicated royalty per unit
Q3 IDCC total revenue = $76.5m x 12% HTC = $9.2m indicated royalty / 12.1m HTC handset sales in Q2 reported to IDCC in Q3 = 76 cents indicated royalty per unit
Q4 IDCC total revenue = $77.0m x 13% HTC = $10.0m unit indicated royalty / 13.2m HTC handset sales in Q3 reported to IDCC in Q4 = 76 cents indicated royalty per unit
2011 IDCC total revenue = $301.7m x 11% HTC = $33.2m indicated royalty/ 44.1 HTC reported unit sales in 2011 = 75 cents indicated royalty per unit.
(Note: HTC's 2011 indicated royalty does not add up to a sum of each quarter's indicated royalty due to IDCC's rounding the licensee's contribution % to the nearest whole %. For example, 11% for 2011 rounded could be as high as 11.4% x $301.7m = $34.4m indicated HTC royalty / 44.1m units = 78 cents maximum indicated royalty per unit for HTC )
RIM is more difficult to estimate, because they use a fiscal year and not a calender year. However I believe that RIM reports handset sales to IDCC on a calender quarter basis. RIM's applicable reported handset sales:
14.2m (Sept, Oct, Nov, 2010)
14.9m (Dec 2010, Jan, Feb 2011),
13.2m (Mar, Apr, May 2011),
10.6m (June, July, Aug 2011)
14.1m (Sept, Oct, and Nov 2011)
Estimated RIM sales for calendar Q4 reported to IDCC in Q1 = 14.4m (14.2m x 2 months Oct, Nov 2010 + 14.9m for 1 month Dec 2010 / 3 months) using weighted averaging techniques. Estimated RIM sales for Q1 reported to IDCC in Q2 = 14.3m (14.9m x 2 months Jan, Feb 2011 + 13.2m for 1 month Mar 2011 / 3 months). RIM's estimated sales Q2 reported to IDCC in Q3 = 12.3m (13.2m x 2 months Apr, May + 10.6m for 1 month June / 3 months). Estimated RIM sales for Q3 reported to IDCC in Q4 = 11.8m (10.6m x 2 months July, Aug + 14.1m for 1 month Sept / 3 months). Total estimated units reported by RIM for 2011 = 52.8m.
RIM's estimated royalty and rate per unit for each of the first four quarters of 2011 as follows:
Q1 IDCC total revenue = $78.5 million total revenue x 15% RIM's contribution % = $11.8m indicated royalty / 14.4m estimated units in Q4 reported to IDCC in Q1 = 82 cents indicated royalty per unit
Q2 IDCC total revenue = $69.9m x 16% RIM = $11.2m indicated royalty / 14.3m estimated units in Q1 reported to IDCC in Q2 = 78 cents indicated royalty per unit
Q3 IDCC total revenue = $76.5m x 13% RIM = $9.9m indicated royalty / 12.3m estimated units in Q2 reported to IDCC in Q3 = 80 cents indicated royalty per unit.
Q4 IDCC total revenue = $77.0m x 13% RIM = $10m indicated royalty / 11.8m estimated units in Q3 reported to IDCC in Q4 = 85 cents indicated royalty per unit.
2011 IDCC total revenue = $301.7m x 14% RIM = $42.2m indicated royalty/ 52.8m RIM estimated reported unit sales in 2011 = 80 cents indicated royalty per unit.
(Note: RIM's 2011 indicated royalty does not add up to a sum of each quarter's indicated royalty due to IDCC's rounding the licensee's contribution % to the nearest whole %. For example, 14% for 2011 rounded could be as high as 14.4% x $301.7m = $43.4m indicated RIM royalty / 52.8m units = 82 cents maximum indicated royalty per unit for RIM )
