Taiwan smartphone maker HTC reports profit jump

Oct 31, 2011

Taiwan smartphone maker HTC Corp. says its third quarter earnings grew 68 percent from the same period last year, with shipments reaching 13 million handsets.

The company said Monday net profit for the July-September quarter amounted to New Taiwan dollars 18.7 billion ($620 million) on revenue of NT$136 billion, with Asia, particularly China, a key to growth.

HTC has grown on the strength of the design of its handsets, based on Inc.'s Android operating system. It says its profile has been raised with the launch of two "Sensation" models equipped with high-end Beats headphones by U.S. maker Dr. Dre.

expects fourth quarter shipments to be between 12 and 13 million. That would represent a 30 percent revenue increase on the same period in 2010.

Explore further: Airbnb rental site raises $450 mn

5 /5 (1 vote)
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 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.

Recommended for you

Airbnb rental site raises $450 mn

6 hours ago

Online lodging listings website Airbnb inked a $450 million funding deal with investors led by TPG, a source close to the matter said Friday.

US venture investments highest since 2001 (Update)

Apr 18, 2014

Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into a growing number of deals, according to a report due out Friday.

User comments : 0

More news stories

Airbnb rental site raises $450 mn

Online lodging listings website Airbnb inked a $450 million funding deal with investors led by TPG, a source close to the matter said Friday.

Health care site flagged in Heartbleed review

People with accounts on the enrollment website for President Barack Obama's signature health care law are being told to change their passwords following an administration-wide review of the government's vulnerability to the ...

Impact glass stores biodata for millions of years

(Phys.org) —Bits of plant life encapsulated in molten glass by asteroid and comet impacts millions of years ago give geologists information about climate and life forms on the ancient Earth. Scientists ...