Reuters logo
UPDATE 1-Smartphone maker HTC sees record Q4 revenue
October 29, 2010 / 9:18 AM / 7 years ago

UPDATE 1-Smartphone maker HTC sees record Q4 revenue

* Sees Q4 revenue to touch $3.3 billion

* Sees 2010 shipments more than double 2009

* Expects strong market share growth for Android phones (Adds comment)

By Argin Chang

TAIPEI, Oct 29 (Reuters) - Taiwan’s HTC Corp (2498.TW), the world’s No.4 smartphone brand, expects fourth-quarter revenues to hit a record and will ship twice as many phones this year as last as it meets booming demand for the feature-laden gadgets.

The company said in a statement on Friday fourth-quarter revenues will reach T$100 billion ($3.3 billion), with shipments to more than double to 9 million units. Shipments for all of 2010 will more than double from last year to some 24.5 million units.

HTC is battling for the position of fourth-largest smartphone maker with much larger cellphone maker Samsung Electronics. Other bigger rivals are Nokia Oyj NOK1V.HE, Blackberry maker Research in Motion RIM.TO and iPhone maker Apple Inc (AAPL.O).

Its push into phones for Google’s (GOOG.O) Android operating system has helped as the system is fast becoming the preferred choice of many low-end smartphone makers. [ID:nTOE69602G]

But it has also recently introduced new handsets using Microsoft’s (MSFT.O) Windows mobile system.

“Judging from the forecasts, HTC’s fundamentals are pretty good,” said Michael On, managing director of Beyond Asset Management.

“But growth momentum should slow a bit next year because competition will intensify and many other smartphone makers also launch new models.”

HTC said it expects Android to keep gaining share rapidly.

“We believe the overall pie is still big enough to have at least three to four tier-1 players enjoy the growth momentum,” it said, adding that it saw “tremendous opportunities” for customer to be able to integrate other Microsoft services into Windows Phone 7 devices.

HTC said that it also expects its fourth quarter gross profit margin to be around 30 percent. ($1=30.63 Taiwan Dollar) (Additional reporting by Baker Li; Editing by Jonathan Standing)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below