Click to Skip Ad
Closing in...

iPhone 4S launch helps end HTC’s record revenue run

Updated 4 years ago
Published Nov 7th, 2011 4:20PM EST

HTC has been on a tear this year, registering month after month of record revenue thanks to strong demand for its Android-powered smartphones. The Taiwan-based vendor saw six straight months of record revenue until October, when it recorded revenue of NT$44.11 billion, a 2.8% dip compared to September. Revenue was up 36% over October 2010, however. Apple’s iPhone 4S sold more than 4 million units during its launch weekend alone following the device’s release on October 14th, and while the new Apple smartphone may have had some impact on sales of HTC phones, the company had already issued light fourth-quarter guidance during its third-quarter earnings report. HTC clarified on Monday that fourth-quarter sales would grow between 20% and 30% compared to the same quarter last year, but would decline from the NT$135.8 billion reported last quarter.

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.