October best month ever for HTC

November 7, 2008

Taiwan-based smartphone maker, High Tech Computer (HTC), reported record monthly sales for October following the success of its newly launched Touch Diamond and G1 Dream handsets.

Revenues for the month were NT$16.04 billion (US$489 million), up 17% on month and 22.4% on year.

This makes total revenue for the first ten months of the year NT$121.22 billion, an increase of 30.8% compared to the same period in 2007.

Share prices in the vendor jumped 3% to NT$382 following the news last night, a sharp contrast to the rest of Taiwan’s stock exchange which on average fell 0.9%.

The rise will be a boost for morale at HTC, which has seen its stock fall 13% since October 22nd, when rival smartphone maker Apple reported stronger than expected sales of its new iPhone.

HTC remains positive in its outlook for the fourth quarter despite the financial turmoil that is sweeping credit markets across the globe.

The company is aiming for fourth quarter revenues of NT$48 billion, with full year revenues expected to nudge the NT$200 billion mark.


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