HTC yesterday said sales last month climbed to NT$29 billion (US$971.49 million), the highest level in 11 months, after the company’s flagship HTC One smartphone generated better-than-expected sales since April.
Sales expanded 48.03 percent to NT$29 billion last month from NT$19.59 billion in April, with the combined sales from April and last month totaling NT$48.59 billion.
HTC last month told investors on a conference call that its new HTC One flagship model had been received positively by the market.
With confidence in the new One, HTC said it aims to increase sales this quarter by 63.55 percent to NT$70 billion from NT$42.8 billion in the first quarter of the year.
The Taoyuan-based company’s goal might be achieved if strong sales growth momentum can be sustained throughout this month.
JPMorgan Securities Ltd projected that HTC’s revenue would grow 75 percent sequentially in the second quarter and by between 15 percent and 20 percent in the third and fourth quarters.
“A strong pipeline of flagship model launches and carrier roll-out may fuel HTC’s upcycle for the rest of the year” JPMorgan analyst Alvin Kwock (郭彥麟) said in a note on Monday.
According to JPMorgan, the activation rate of the new HTC One has been rising week by week since it was launched and that retail stores’ inventory of the smartphone appeared lean.
“The One gets sold out from time to time and requires a few days of pre-ordering lead time,” Kwock said.
“Low inventory could ensure benign pricing in third quarter of the year, unlike the inventory write-down situation witnessed back in 2012,” he added.
HTC delayed the US launch of the One with Verizon Wireless late last month.
However, the US company said on Monday that it would soon start selling the phone.
“It’s coming — the HTC One will be available on the Verizon Wireless 4G LTE network later this summer,” it said on Twitter.
No launch date or prices were disclosed.
Together with a new mid-end smartphone model, allegedly named “M4,” and a second-generation flagship smartphone model Butterfly S, sales of the One by Verizon are expected to fuel HTC’s sales next quarter, JPMorgan said.
In addition, HTC may launch a higher-level new One model called the HTC One Max later this year, Kwock said.
Several telecommunication carriers have revealed that they are very interested in the 5.9-inch product with a unibody casing, Kwock added.
JPMorgan retained its rating for HTC’s shares as “overweight” with a target price of NT$390.
HTC’s share closed down 1.03 percent at NT$287.5 yesterday, underperforming the broader market, which dropped 0.12 percent.
Sweeping policy changes under US Secretary of Health and Human Services Robert F. Kennedy Jr are having a chilling effect on vaccine makers as anti-vaccine rhetoric has turned into concrete changes in inoculation schedules and recommendations, investors and executives said. The administration of US President Donald Trump has in the past year upended vaccine recommendations, with the country last month ending its longstanding guidance that all children receive inoculations against flu, hepatitis A and other diseases. The unprecedented changes have led to diminished vaccine usage, hurt the investment case for some biotechs, and created a drag that would likely dent revenues and
Global semiconductor stocks advanced yesterday, as comments by Nvidia Corp chief executive officer Jensen Huang (黃仁勳) at Davos, Switzerland, helped reinforce investor enthusiasm for artificial intelligence (AI). Samsung Electronics Co gained as much as 5 percent to an all-time high, helping drive South Korea’s benchmark KOSPI above 5,000 for the first time. That came after the Philadelphia Semiconductor Index rose more than 3 percent to a fresh record on Wednesday, with a boost from Nvidia. The gains came amid broad risk-on trade after US President Donald Trump withdrew his threat of tariffs on some European nations over backing for Greenland. Huang further
CULPRITS: Factors that affected the slip included falling global crude oil prices, wait-and-see consumer attitudes due to US tariffs and a different Lunar New Year holiday schedule Taiwan’s retail sales ended a nine-year growth streak last year, slipping 0.2 percent from a year earlier as uncertainty over US tariff policies affected demand for durable goods, data released on Friday by the Ministry of Economic Affairs showed. Last year’s retail sales totaled NT$4.84 trillion (US$153.27 billion), down about NT$9.5 billion, or 0.2 percent, from 2024. Despite the decline, the figure was still the second-highest annual sales total on record. Ministry statistics department deputy head Chen Yu-fang (陳玉芳) said sales of cars, motorcycles and related products, which accounted for 17.4 percent of total retail rales last year, fell NT$68.1 billion, or
HSBC Bank Taiwan Ltd (匯豐台灣商銀) and the Taiwan High Prosecutors Office recently signed a memorandum of understanding (MOU) to enhance cooperation on the suspicious transaction analysis mechanism. This landmark agreement makes HSBC the first foreign bank in Taiwan to establish such a partnership with the High Prosecutors Office, underscoring its commitment to active anti-fraud initiatives, financial inclusion, and the “Treating Customers Fairly” principle. Through this deep public-private collaboration, both parties aim to co-create a secure financial ecosystem via early warning detection and precise fraud prevention technologies. At the signing ceremony, HSBC Taiwan CEO and head of banking Adam Chen (陳志堅)
RSS