InterDigital Inc (IDCC)

[thelurker]

HTC confident it can double smartphone sales in 2011
By Phil Goldstein Comment | Forward | Twitter | Facebook | LinkedIn

HTC remains confident it will double its smartphone sales by year-end, according to a senior HTC executive, adding more fuel to the company's growth trajectory.

Jack Tong, president of HTC North Asia, said in an interview with Dow Jones Newswires that the company remains comfortable with its forecast of reaching 50 million smartphone shipments this year, up from 25 million in 2010, which was a record for the Taiwanese company.

HTC CEO Peter Chou told investors at the company's annual shareholder meeting that HTC's outlook for the second half of the year is strong. He said the company's supply chain was not affected by the Japanese tsunami and earthquake in March, and said, without elaborating, that HTC will have a "great year" in 2011.

The company was the world's fifth-largest smartphone maker in the first quarter, according to research firm IDC. HTC is one of the world's largest makers of devices running Google's (NASDAQ:GOOG) Android platform, and also supports Microsoft's (NASDAQ:MSFT) Windows Phone 7 platform.