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HTC’s April revenue balloons 113% to hit record high

Updated 4 years ago
BGR

HTC’s revenue in April 2011 hit a record high, Taiwan Economic News reports. The publication cites a financial statement from HTC in claiming the smartphone maker saw revenue in April grow to NT$38.729. Equivalent to approximately $1.35 billion USD, HTC’s April revenue was up 4.5% sequentially and up over 113% compared to April 2010. Aggregate revenue over the first four months now totals NT$142.885, up 154% over the same period last year. The company said continued strong sales of devices like the Desire HD played a large role in helping HTC achieve the new record, and heavy shipments of newer phones like the Incredible S and Desire S  should keep revenue up through the remainder of the quarter. HTC projected second-quarter revenue of NT$120 billion on smartphone shipments of between 11 and 11.5 million units when it reported its first-quarter earnings last month.

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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.