Sat, Nov 05, 2011 - Page 12 News List

HTC’s October sales stall on iPhone 4S competition

No. 4:IDC’s latest report shows that HTC moved up a notch in the third quarter from the world’s No. 5 smartphone brand, with a 10.8 percent market share

By Jason Tan  /  Staff Reporter

HTC Corp (宏達電) yesterday said revenue last month totaled NT$44.11 billion (US$1.5 billion), up 36.01 percent year-on-year thanks to strong demand for its smartphones. However, on a monthly comparison basis, revenue dropped 2.8 percent from September, according to a company statement.

HTC reported record revenue for six consecutive months until September, but sales momentum stalled last month in the face of strong competition from Apple Inc’s iPhone 4S.

HTC’s total revenue from January to last month was NT$408.49 billion, up 97.16 percent from last year.

HTC on Monday said that fourth-quarter sales would stagnate or see a single-digit decline from the third quarter as the iPhone 4S continues to win over smartphone users.

Revenue is expected to reach between NT$125 billion and NT$135 billion in the fourth quarter, growing between 20 and 30 percent from a year earlier.

Market researcher IDC yesterday said HTC moved up a notch in the third quarter to become the world’s No. 4 smartphone brand, with a market share of 10.8 percent.

The top three vendors were Samsung Electronics Co, Apple Inc and Nokia Oyj. In the fifth place was Research in Motion Ltd.

HTC shares closed up 2.24 percent at NT$640 on the Taiwan Stock Exchange yesterday.

HTC and US mobile network operator Verizon Wireless were yesterday to unveil their first smartphone in the US featuring Beats audio technology, which supports high-speed long-term evolution (LTE) network from Verizon Wireless.

The HTC Rezound will hit store shelves of the biggest US mobile provider on Nov. 14 for US$299 with a two-year service contract, HTC said in a press release yesterday.

Additional reporting by CNA

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