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HTC: First-quarter revenue and shipments to double in 2011

Updated 4 years ago

In a presentation to investors on Friday, HTC revealed first-quarter projections that left attendees wide-eyed and smiling. In short, the Taiwan-based cell phone maker sees revenue and shipments both doubling as it continues to make waves in the smartphone market. “We continue to see strong demand from existing products and expect recently launched 4G products to help drive shipment growth in 2011,” HTC noted in a statement. The company projects first-quarter 2011 revenue to reach $3.2 billion on shipments of 8.5 million units. While overall growth in the smartphone market is expected by some to slow from 13% in 2010 to 8.4% in 2011, HTC is showing no signs of faltering. Exciting new devices like the ThunderBolt, Inspire 4G and DROID BIONIC are waiting in the wings, ready to pounce and help HTC maintain its position among the leaders in the Android space. The company is also reportedly preparing a second wave of Windows Phone 7 handsets as Microsoft’s emerging mobile platform continues to gain momentum.


Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.