31 January 2008
High Tech Computer (HTC) expects its revenues will grow 20-30% on year in 2008, with plans to launch a series of new products starting in the second quarter, company CFO Huei-ming Cheng said on January 30 during an online investors conference.
The new products will differentiate from the current Touch-series lineup, focusing on models supporting the 3G standard initially and then followed by EDGE-compliant models for emerging markets, Cheng indicated.
In addition, revenues will continue to grow at a robust annual rate of 35% in the first quarter of this year, although the first-quarter figures are likely to slide 15-20% from the fourth quarter of 2007, Cheng added.
For the fourth quarter of 2007, revenues were up 34.7% on year to NT$39 billion (US$1.21 billion), with non-ODM business growing over 60% on year, Cheng noted.
HTC's total shipments of mobile devices were up 3.7% on year to 9.92 million units in 2007, falling slightly short of its target of 10 million units. However, the ASP (average selling price) climbed 7.9% on year to NT$11,300 last year, according to company data.
In other news, the company's new plant in Pudong, Shanghai is scheduled for completion in September-October 2008, with the plant's production capacity to ramp up gradually to one million units a month, Cheng revealed.
