HTC Sees Sales Hit Historical High in May

Taipei, June 9, 2011 (CENS)--HTC Corp., currently Taiwan's No.1 smartphone maker by revenue, saw its monthly revenue hit a new high of NT$40.6 billion (US$1.4 billion at US$1: NT$29) in May, marking the first time that the company's monthly revenue has broken the NT$40 billion mark.

Industry executives estimated the company's revenue for June to surge 10%, to NT$44 billion (US$1.5 billion), in anticipation of brisk demand for several new products the company has begun shipping recently.

The company's combined revenue for April and May came to NT$79.3 billion (US$2.7 billion), which attains 66% of the company's revenue goal for the second quarter. Industry executives estimated the company's revenue for the second quarter to exceed the projected level of NT$120 billion (US$4.1 billion) to hit NT$125 billion (US$4.3 billion), up 15-20% from the first quarter.

Compared with the same month last year, the company's revenue for May represented a surge of 115%. Throughout the first five months this year, the company raked in total revenue of NT$183.5 billion (US$6.3 billion), shooting up 145% year on year.

HTC is recognized as Taiwan's No.1 supplier of smartphones running on Google Android OS with a market share of 30%. In the first quarter, the company even unseated Research In Motion (RIM), the developer of BlackBerry smartphone, as the No.2 smartphone supplier in the United States. HTC has set to ship 50-60 million phones worldwide by the end of this year, twice as many as it did last year.