7 Dec, 2007
Thanks to new products in the US and Europe as well as strong shipments of its own-brand Touch series, High Tech Computer (HTC) posted revenues of NT$14.54 billion (US$30.9 million) in November, up 11% on month, according to the company.
Accumulated sales for the first eleven months of this year totaled NT$107.2 billion, up 9.37 billion on year, noted the company. This is the second consecutive year that the company will see its annual revenues break the NT$100 billion mark. Performance this year is rather significant as the company is phasing out of the ODM/OEM market and is focusing only on own-brand products and partnerships with telecom service providers.
Meanwhile, HTC is expected to reach its shipments target of 10 million units in 2007, market sources noted.
As sales for October and November jumped strongly, HTC's fourth-quarter revenues are expected to beat the company's forecast made earlier to reach NT$38.5-39.5 billion, the sources predicted.
Sales for HTC in December will drop slightly to NT$11-12 billion due to the end of the peak season, market watchers commented. Quarterly revenues for the company in the first quarter of 2008 will fall 15%-20% sequentially to NT$31-33 billion, the watchers predicted.
