Smartphone maker HTC reports profit jump

Jan 21, 2011

(AP) -- Taiwan's top smartphone maker HTC said Friday its fourth-quarter earnings more than doubled from a year earlier amid strong demand in global markets.

Net profit for the October-December quarter surged to New Taiwan dollars 14.59 billion ($500 million), up 160 percent from a year earlier, and a 31 percent increase from the third quarter, the company said in a statement.

Unconsolidated revenue totaled NT$104 billion in the final quarter, up from NT$41.07 billion the year before.

HTC experienced fast business growth last year on the strength of its design and production of the first handset based on Inc.'s .

HTC shipped 24.6 million in total last year, up 111 percent from 2009. First quarter sales are expected to reach 8.5 million handsets this year, officials said.

It's 4th-generation smartphone - launched late last year - will be marketed by U.S. carriers Verizon and AT&T, officials said.

Peter Chou, HTC chief executive, said the company began building its brand awareness globally in 2009 to seize on last year's "explosive growth" in smartphone demand.

To meet expected double-digit world market growth in 2011, Chou said HTC will double its monthly capacity in its Shanghai factory to 2 million handsets and will consider outsourcing if that becomes necessary.

Chou also said that HTC will branch out into tablet computers, but declined to give details.

"It's a new market with many competitors, and we don't want to rush into it," Chou said. "We hope the product we eventually unveil will be one that meets consumers' needs."

Explore further: Jury says Silicon Valley firm did not discriminate (Update)

0 shares

Related Stories

Taiwan's HTC says profit down 30 percent

Apr 06, 2009

Taiwan's smartphone maker HTC Corp posted a year-on-year 30 percent fall in first quarter net profit as the global economic meltdown hit sales, the company said Monday.

Taiwan's HTC earnings edge down in Q2

Jul 06, 2009

HTC Corp, Taiwan's leading smartphone maker, said Monday its net profit in the second quarter was down almost two percent from a year earlier.

Taiwan's HTC beats six-month sales forecasts

Jul 06, 2010

Taiwan's leading smartphone maker High Tech Computer Corp (HTC) said Tuesday its sales in the six months to June had soared 41 percent from a year ago, beating analysts' expectations.

Recommended for you

Intel in talks with Altera on tie-up

Mar 27, 2015

US tech giant Intel is in talks with rival Altera on a tie-up to broaden the chipmaker's product line amid growth in Internet-connected devices, the Wall Street Journal reported Friday.

Apple chief Cook to give his wealth away: Fortune

Mar 27, 2015

Apple chief Tim Cook is joining Mark Zuckerberg, Bill Gates and other technology titans who have vowed to donate their wealth to charities, according to a report in Fortune magazine.

BlackBerry tops 4Q profit forecasts

Mar 27, 2015

BlackBerry posted a surprise profit in the fourth quarter, but saw a sharp drop-off in revenue as the once-iconic smartphone company said it reached the halfway mark of its turnaround effort.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.