HTC Sees Q3 Sales Grow 31% - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Mobile // Mobile Devices
04:56 PM

HTC Sees Q3 Sales Grow 31%

The handset manufacturer saw revenue rise 30% to nearly $1.2 billion thanks to the success of its Touch line of smartphones.

Although it missed analysts' predictions, High Tech Computers reported a net profit of about $220 million for the third quarter of 2008.

The profit was a 4.9% drop from the same period last year, but the company attributed part of that dip to "typhoon weather" that caused delays in shipment in September. Additionally, HTC said revenue rose 30% to nearly $1.2 billion, and the company said it still expects 20% to 30% growth for 2008 revenue.

The handset manufacturer once primarily sold cell phones that were rebranded by wireless carriers, but it has been making much headway with its HTC-branded Windows Mobile smartphones like the Touch. According to Gartner, the company trailed only Nokia and Research In Motion for second-quarter smartphone sales around the globe.

HTC is preparing for a busy fourth quarter, as the handset manufacturer is expected to release highly coveted devices like the Touch HD, and the U.S. releases of the Touch Diamond and the Touch Pro. Additionally, HTC will bring out the first Android-powered handset for T-Mobile in late October, and some analysts are predicting that the G1 will capture 4% of the entire U.S. smartphone market in the fourth quarter.

But the next couple of quarters will be rife with competition in the smartphone market, and particularly with touch-screen multimedia smartphones. Along with existing popular devices like Apple's iPhone 3G and the Samsung Instinct, HTC will be competing with the first touch-screen BlackBerry Storm, as well as Nokia's recently introduced XpressMusic 5800 smartphone.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
10 Cyberattacks on the Rise During the Pandemic
Cynthia Harvey, Freelance Journalist, InformationWeek,  6/24/2020
IT Trade Shows Go Virtual: Your 2020 List of Events
Jessica Davis, Senior Editor, Enterprise Apps,  5/29/2020
Study: Cloud Migration Gaining Momentum
John Edwards, Technology Journalist & Author,  6/22/2020
White Papers
Register for InformationWeek Newsletters
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
Flash Poll