China Drives Strong Sales for HTC

 By 
Lauren Indvik
 on 
China Drives Strong Sales for HTC
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Profits amounted to $624.6 million, up 68% from the same period a year ago and 7% from the previous quarter. Revenue jumped 79% year-over-year to $4.54 billion.

Sales in China were nine times greater in the third quarter than what they were a year ago, HTC said. Other handset manufacturers are experiencing similar growth in the region. Greater China accounted for 12% of Apple's sales in fiscal 2011, up from 2% in 2009, Apple CEO Tim Cook disclosed earlier this month. He noted that the iPhone 4 and iPad were among the strongest sellers in the area.

HTC's total handset shipments were up 93% to 13.2 million compared to the year previous.

HTC's forecast for the fourth quarter was less optimistic. The company expects to generate between $4.18 billion and $4.51 billion in revenue, up 20% to 30% year-over-year. Shipments are estimated in the 12 million to 13 million range.

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