HTC Corp (宏達電), the world’s No. 5 smartphone brand, saw last month’s revenue hit a record high for the third month in a row on strong smartphone shipments.
Revenue totaled NT$40.6 billion (US$1.4 billion) last month, up 115.8 percent year-on-year. The company reported sales of NT$38.7 billion for April and NT$37 billion in March.
Total revenue for the first five months of the year hit NT$183.5 billion, up 145 percent from the corresponding period last year, according to a company statement.
HTC forecast in late April that second-quarter revenue would expand 97 percent year-on-year to NT$120 billion. Smartphone shipments were to grow between 103 percent and 113 percent, to between 11 million to 11.5 million units.
Goldman Sachs said HTC poses a threat to industry leaders because of the Taiwanese company’s leading portfolio of products, solid smartphone strategy and rising global brand awareness.
“A faster-than-expected smartphone migration and replacement cycle could put HTC at an advantage over peers,” Goldman Sachs said in a research note on Wednesday last week.
HTC is likely to announce today the local launch date of the HTC Salsa, the latest member of the HTC family and a “Facebook” phone that allows users to text and upload videos and pictures to Facebook.
Shares in HTC closed up 3.6 percent to NT$1,285 on the Taiwan Stock Exchange yesterday.
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