HTC Expects 23% Growth in Q4 2009
HTC has recently announced during a conference call that it expects its revenues to top $12.3-12.9 billion in Q4 2009. Also, we learn that the company’s handset shipments will grow 5-6% on year in the same quarter, while ODM shipments will reach the end of their business cycles.
Q4 gross margin will range from 32-33%, while the operating expense ratio will reach 16.5%-17.5%, unlike 13.9% in Q3, thanks to a higher marketing budget for the quarter. In Q3, HTC reached a total of 2.8 million units shipped, about 200.000 units less than in Q2 and 400.000 more than in Q1.
HTC also posted revenues of $12.7 billion for October, 7.4% more sequentially, but 20.8% less than in 2008. The Taiwanese company claims that the US market will provide growth, while Europe will remain weaker.