InterDigital Inc (IDCC)

[thelurker]

HTC 1Q11 revenues, net profit hit records

Daniel Shen, Taipei; Adam Hwang, DIGITIMES [Monday 2 May 2011]

Taiwan smartphone vendor HTC posted historically highest quarterly revenues of NT$104.16 billion (US$3.50 billion) and net profit of NT$14.83 billion in the first quarter of 2011, according to the company at an investors conference on April 29.

HTC shipped 9.7 million smartphones in the first quarter, growing 6% on quarter and 192% on year with ASP standing at US$359. For the second quarter of 2011, HTC expects shipments of 11.0-11.5 million smartphones to generate revenues of NT$120 billion with net operating margin of 15-16% and gross margin of 28.5-29.5%.