HTC's June Revenue Hits New High

Jul 04, 2011 Ι Industry In-Focus Ι Electronics and Computers Ι By Ken Liu, CENS
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Taipei, July 4, 2011 (CENS)--HTC Corp., currently Taiwan's No.1 brand name supplier of smartphones, scored revenue of NT$45 billion (US$1.55 billion at US$1:NT$29) in June, hitting a new high for the third consecutive month.

Brisk monthly results brought the company's total revenue for the second quarter beyond the projected goal of NT$120 billion (US$4.1 billion), to reach NT$124.3 billion (US$4.2 billion), beating previous fears that the company's revenue would decline.

HTC's chief finance offer (CFO), Winston Yung, stressed that the company has always outperformed expectations and its supply chains have been steady.

The June revenue is 10.9% higher than NT$40 billion (US$1.3 billion) recorded in May and the second-quarter revenue represented a 19.43% increase from the first quarter this year. In the first half of the year, HTC had total revenue of NT$228.5 billion (US$7.8 billion), spiking 131% year on year.

At a recently held institutional investor conference, the company set its revenue goal for the second quarter at around NT$120 billion with estimated gross margin of 28.5-29.5% by delivering 11-11.5 million mobile phones. Industry executives estimated the company shipped around 11.6 million phones in the second quarter, slightly higher than the company's goal.

They projected the company's shipment at approximately 50 million systems for this year, double the quantity it delivered last year. Also, they estimated the company's shipment for the first half of this year at 21 million systems and its shipments for the second half to climb on peak seasons.

HTC's new products, including the Sensation phones, have drawn popularity since their rollouts in the second quarter.
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