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HTC Growth On Track As Camera Launch Get’s Close

HTC Growth On Track As Camera Launch Get

The Taiwanese smartphone maker expects revenue of US$1.41 billion to US$1.55 billion for the current quarter ending Dec. 31.

Country Manager Ben Hodgson told ChannelNews on Friday that the Company will launch their new RE digital camera prior to Christmas however he warns that stock will be limited due to “exceptional” demand for the product by retailers. 

“Production is limited due to demand” he said.  

HTC expects to remain profitable for the third straight quarter. In the three months ended Sept. 30, HTC reported a net profit of NT$640 million, compared with a net loss of NT$2.97 billion a year earlier.

We are forecasting a pretty material increase in handset shipment volume [for the fourth quarter],” Chief Financial Officer Chialin Chang told investors during a conference call. 

The company recently added a selfie-focused smartphone to its mid-priced Desire line. It has also unveiled the Nexus 9 tablet with Google a waterproof action camera and software for taking selfie photos.

Mr. Chang said HTC has plans to launch new smartphones over the next two quarters, but declined to give more details.

He also said the project with Google doesn’t mean HTC is returning to contract manufacturing of phones and tablets for other brands.

“We are open to, and will also consider, co-branding opportunities with partners,” he added.

“Apparently HTC is trying to stay away from the competition from Apple in the high-end segment. But the smartphone market, especially the mid- and low-end segments, is still very tough,” said KGI Securities analyst Richard Ko.