As part of its Q3 2011 financial results, HTC announced that it shipped 13.2 million handsets in the quarter. This is an impressive 93% increase over the same quarter a year ago. This translated into NT$136 billion (US$4.5 billion) in revenue (a 79% increase over the same quarter a year ago) and after-tax profits of US$624 million (a 68% gain year-over-year).
“We aim to lead the way as the smartphone market continues to expand and change rapidly,” said Peter Chou, CEO of HTC. “We pride ourselves on anticipating market and consumer needs and addressing them before they are realized. We are growing rapidly and responsibly around the globe and continue to expand our leadership in new areas, such as LTE.”
HTC’s growth is set to continue in Q4 thanks to “the continued success of the smartphone market.” The company expects to ship another 12 to 13 million handsets in Q4 2011 (representing a growth of between 31% and 42% year-on-year). This forecast falls below the Q3 numbers, suggesting that it could be expecting a tougher quarter.