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BEIJING, Nov 1, 2011 - (ACN Newswire) - Autochinanet.com reports that the Taiwanese smart phone maker HTC released its third-quarter earnings. Thanks to the growth of the smart phone sales, especially the significant growth in the Chinese market, HTC's net profit in the third quarter grew 68%. Its smart phone sales almost doubled.
According to the recent research of Autochinanet.com (http://www.autochinanet.com/product/), HTC sold more than 13 million units of smart phones in the third quarter. Its net profit was $ 625 million, 73 cents per share. The revenue was $ 4.54 billion. Among them, the sales growth in the Chinese market is the most prominent. Autochinanet.com points out that its third-quarter smart phone sales in China grew more than 8 times compared with the same period of the last year. HTC's third-quarter revenue and mobile phone sales are close to its expectation released in July.
Autochinanet.com reports that the average price of HTC's smart phones in the third quarter is U.S. $ 344, a slight decline compared with the $ 349 in the previous quarter. HTC expects its fourth-quarter revenue to be about $ 4.18 billion to 4.51 billion U.S. dollars and the growth rate to be 20% to 30%. It expects its fourth-quarter sales of smart phones would be 12 million units with a year on year growth of 31% to 42%. HTC also plans to increase the number of channel partners in the Chinese market.
Contact:
http://www.autochinanet.com/
Email: my@autochinanet.com
Topic: Press release summary
Source: Autochinanet.com
Sectors: Daily Finance, IT Individual
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From the Asia Corporate News Network
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