HTC Q3 Earnings Released

Chris CrumBusiness

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HTC released its earnings report for the third quarter. This includes record quarterly revenue for the company, which HTC attributes to “diverse product offerings, expanded distribution network and growing global brand recognition.”

The company reported a 68% year-over-year increase in after-tax profit at $625 million (US). Total revenues grew for the sixth consecutive quarter and hit $4.54 billion - a 79% increase year-over-year.

“We aim to lead the way as the smartphone market continues to expand and change rapidly,” said CEO Peter Chou “We pride ourselves on anticipating market and consumer needs and
addressing them before they are realized. We are growing rapidly and responsibly around the globe and continue to expand our leadership in new areas, such as LTE.”

The company says it expects Q4 revenue to be around $4.18 billion to $4.51 billion, up 20% to 30% year-over-year. It expects to ship between 12 and 13 million units (up 31% to 42% year-over-year).

HTC reports to have sold 13.2 million smartphones in Q3, 93% more than the same period last year (9%more than the second quarter of this year).

Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.