HTC announces record profits for November thanks to strong Touch Diamond and T-Mobile G1 sales
By Dusan Belic on Tuesday, December 9th, 2008 at 7:21 AM PST In Announcements, HTC
HTC is out with their November numbers and they rock. Last month, the Taiwan-based smartphone maker reported record profits of NT$17.76 billion ($528.57 million), a number that represents a 10.8% increase on month, and a 22.1% increase on year. As a result, shares in HTC rose 5.6% following the announcement.
Not surprisingly, two handsets drove the sales – the Touch Diamond and the Android-based T-Mobile (NYSE: DT) G1.
In comparison, sales in the sector grew just 11.5% on year during Q3, whilst market leader Nokia (NYSE: NOK) reported negative growth in smartphone sales for the period.
HTC’s revenues for the first 11 months of 2008 total NT$138.98 billion, 29.6% more than last year.
[Via: The Telecom]
