Taiwanese phone manufacturer HTC (TPE:2498) has announced its unaudited financials for Q3 2011, the three months ending 30 September.
Total revenue for the period was 135.8 billion TWD ($4.4 billion), up 79 percent year-on-year.
Net profit was also on the up, hitting 18.6 billion TWD (around $608 million) arise of 68 percent base on the same period in 2010.
Margin matters
Handset shipment figures are yet to be made public, though HTC claimed in August it expected to ship a record 13.5 million smartphone handsets in Q3 2011.
That would be up both on Q2's total of 12.2 million units and up 98 percent year-on-year.
However, the firm missed out on meeting its Q3 revenue projection of NWD 137 billion ($4.5 billion), owing to what analysts claim are decreasing margins.
"Margins right now are a bit disappointing, suggesting HTC is increasing its expenses on new models," Yuanta Securities analyst Bonnie Chang told the Wall Street Journal.
Its share price has also been hit by concerns about its patent litigation with Apple.
[source: Wall Street Journal]
News
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
Top Stories
Feature
8 hours, 8 minutes ago
Hot Five: AppLovin revenue surges 48% Y/Y, Plarium and Big Fish up for sale, and a look inside Merge Mansion's growth
Feature
9 hours, 56 minutes ago
55 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Events
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
MomoCon 2024 | North America | May 24th |
Morocco Gaming Expo | Africa | May 24th |
For The Win 2024 | Europe | May 29th |
Popular Stories
Feature
9 hours, 56 minutes ago
55 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Feature
May 14th, 2024