HTC have 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%.

To enhance competitiveness of its smartphones, HTC will launch HTC Watch, its own platform of mobile audio/video services, later in the second quarter. In addition, HTC plans to strengthen its R&D staff through recruiting more than 1,000 engineers in Taiwan in 2011.

HTC's board of directors, at a meeting on April 30, decided to distribute a dividend per share of NT$37.5, NT$37.0 in cash and NT$0.5 in stock, for 2010 operation as well as acquisition of a 48,975m-square (527,162ft-square) land parcel located beside HTC headquarters in northern Taiwan at NT$1.77 billion, with the land reserved for future expansion of production capacity or facilities. Currently, HTC's in-house production capacities in Taiwan and China have a total monthly level of over four million smartphones

By: DocMemory
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