InterDigital Inc (IDCC)

[thelurker]

HTC expects 4Q10 revenues to hit record for third time straight
Daniel Shen, Taipei; Adam Hwang, DIGITIMES [Monday 1 November 2010]

Taiwan-based smartphone vendor HTC projects that its consolidated revenues for the fourth quarter of 2010 will reach NT$100 billion, hitting the highest quarterly figure on record for the third consecutive time, according to the company at an investors conference on October 29.

HTC shipped 6.8 million smartphones at an average selling price of US$342 in the third quarter of 2010 and expects to ship nine million ones at an average of US$347 in the fourth quarter. The demand for Android smartphones in the North America market has been growing fast since 2009, and the same growth is seen in Europe and Asia in 2010, HTC pointed out.

HTC's board of directors, at a meeting on October 29, decided to invest up to NT$1.6 billion (US$51.9 million) to construct a factory building with total floor space of 72,730 square meters (782,800 square feet) in northern Taiwan, with the construction to be completed in 12 months. The board also decided to buy back 10 million HTC shares at a total cost of up to NT$8.5 billion in November-December 2010, with 50% of the shares to be transferred to employees and the other 50% to be canceled