28 January 2008
Shipments of smartphones from Taiwan-based handset makers are expected to grow 13.8% sequentially to 7.47 million units in the first quarter of this year and continue to expand at a sequential rate of 5.6% to 7.89 million units in the second quarter, the Chinese-Language Economic Daily News (EDN) quoted Taiwan's Market Intelligence Center (MIC) as saying.
MIC expects High Tech Computer (HTC), Inventec Appliances and Asustek Computer will all post strong on-quarter growth in smartphone shipments in the first half, said the EDN. The paper also indicated that UBS Securities, while acknowledging that HTC has decided to delay the launch of new products originally slated for the first quarter of this year, currently still maintains a "buy" rating for HTC stock of HTC with a target price of NT$802 (US$25) per share.
