* Sees Q4 revenue to touch $3.3 billion
* Sees 2010 shipments more than double 2009
* Expects strong market share growth for Android phones
By Argin Chang
TAIPEI, Oct 29 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
"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)