Beleaguered smartphone maker HTC Corp (宏達電) yesterday reported a year-on-year increase in revenue last month, snapping 13 months of decline, backed by strong demand for its mid-range phones, it said in a filing with the Taiwan Stock Exchange.
HTC reported revenue of NT$555 million (US$19.46 million), up 0.96 percent from a year earlier and 29.3 percent from October, the filing showed.
Despite the improvement, which it attributed to new mid-range handsets and successful online sales promotions, it was still the second-worst November revenue for the Android phone pioneer.
Revenue in the first 11 months of the year totaled NT$5.19 billion, down 44.81 percent from a year earlier.
While the company has shifted its focus to virtual-reality (VR) devices, it released two mid-range handsets that have been well received in the latter half of this year.
In September, it released the HTC U20, the first 5G phone made in Taiwan. Priced at NT$18,900, it is relatively affordable compared with other 5G models.
In October, it launched the 4G HTC Desire 20+. Priced at NT$8,940, it features a Qualcomm Snapdragon 720g processor, four cameras and a 5000mAh battery.
The company took advantage of the Double 11, or Singles’ Day, sales event to promote its smartphone and VR product bundles, which helped boost revenue last month.
HTC on Thursday announced the release of its true wireless earbuds.
Priced at NT$999, the earbuds come equipped with a 400mAh charging case, capable of holding 24 hours of charge.
Tesla Inc temporarily halted some production at its auto assembly plant in California because of problems with its supply chain, but work has begun to resume, CEO Elon Musk told employees in an e-mail on Thursday. “We are experiencing some parts supply issues, so took the opportunity to bring Fremont production down for a few days to do equipment upgrades and maintenance,” Musk said in an all-staff message seen by Bloomberg. The factory was “back up and running as of yesterday,” and would rapidly ramp up to full production of Model 3 and Model Y cars “over the next several days,”
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to post a 25 percent year-on-year increase in sales in the first quarter of this year to US$12.91 billion, up from US$10.31 billion a year earlier, as its production is at full capacity, market advisory firm TrendForce Corp said in a note last week. The increase would help TSMC cement its leadership in the industry by taking a 56 percent market share in the global pure wafer foundry business, TrendForce said. Its forecast was in line with TSMC’s estimate in January, which pointed to a range of US$12.7 billion to US$13 billion for the
MULTI-USE: The arrangement of seats in future vehicles would be different, allowing passengers to do everything they do at home, the CEO of the firm’s EV platform said Electric vehicles (EVs) developed on a Hon Hai Precision Industry Co (鴻海精密) platform would be built like “a smartphone on a different platform,” Jack Cheng (鄭顯聰), chief executive officer of the Hon Hai-initiated MIH Open Platform Alliance, said on Saturday. It would be the ultimate goal to make vehicles built on the platform an extension of the driver’s home, he said during an online presentation. The alliance aims to provide resources to automakers and boost Taiwan’s EV development, with a vision to make an EV its owner’s “second home,” Cheng said. “Whatever they can do in their home, they will be able
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was on Thursday set to sell local currency bonds, as it prepared for a spending blitz amid a global chip shortage. The world’s largest contract chipmaker planned to price about NT$16 billion (US$565.25 million) of notes in three parts in an auction, though the actual issuance size might change. The manufacturer would have to contend with a recent rise in rates globally that has sent many corporate bond yields up from record lows in the past few weeks. The debt offering comes at a promising time for the semiconductor industry as the world scrambles its way
RSS