Taiwan smartphone maker HTC reports profit jump

Apr 29, 2011

(AP) -- Taiwan's top smartphone maker HTC said Friday its first-quarter earnings nearly tripled, with shipments totaling 9.7 million handsets amid growing market demand.

Net profit for the January-March quarter surged to New Taiwan dollars 14.8 billion ($510 million), up 197 percent from a year earlier. Revenue totaled NT$104 billion in the first quarter, up 174 percent from the year before.

HTC has grown on the strength of its design and production of based on Inc.'s operating system.

It said U.S., European and Asian markets responded well to the five new smartphones HTC introduced in the first quarter, contributing to the better-than-expected revenue.

HTC expects shipments to grow to 11 million in the second quarter and will market more new products during the period, including a 7-inch tablet computer and a 4.3-inch 3D handset, said Joey Cheng, director of investor relations.

The new handset will allow users to create 3D content as well as watch 3D films without wearing special glasses, he said.

To meet increasing market demand, HTC plans to invest $96 million to build a new factory in Taiwan, the company said in a statement.

had earlier announced that it would double monthly capacity at its Shanghai factory to 2 million handsets and would outsource production if necessary.

Explore further: Vivendi, Telefonica in talks over Brazil business (Update)

not rated yet
add to favorites email to friend print save as pdf

Related Stories

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.

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 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.

Smartphone maker HTC invests in UK, US firms

Feb 08, 2011

Taiwan's leading smartphone maker HTC said Tuesday it plans to acquire a British digital multimedia company and invest in a US online gaming firm as part of a bid to expand its software business.

Quiet and brilliant, Taiwan's HTC is smartphone star

Apr 17, 2011

Taiwanese smartphone maker HTC has risen to global prominence by transforming itself from a contract maker into a viable brand, one of the toughest feats in the fiercely competitive hi-tech industry.

Recommended for you

Vivendi, Telefonica in talks over Brazil business (Update)

6 hours ago

French media conglomerate Vivendi said Thursday it would begin exclusive talks with Spanish telecoms company Telefonica for the sale of its Brazilian operator Global Village Telecom, or GVT, after the Spanish company raised ...

Hackerspaces used to turn ideas turn into reality

Aug 27, 2014

At HeatSync Labs, the tables are littered with computer chips, pens, pads and tools while the room is abuzz with the chatter of would-be inventors hoping to change the world—or just make cool things. They are part of a ...

User comments : 0