HTC posts record second quarter revenue

HTC today announced a record second quarter revenue of NT$60.53 billion (US$1.88 billion), up nearly 58.4 percent year-on-year, or 60.6 percent quarter-on-quarter, and higher than its forecast of NT$50 billion.

The company also set a record revenue of NT$23.86 billion in June, up 66.7 percent year-on-year and the third consecutive month the company registered a record monthly revenue, the company said Tuesday.

Increasing demand for high-end mobiles such as Desire, Legend, Incredible and EVO led to surprisingly good revenue in the second quarter, institutional investors said. Foreign investors, who were upbeat about HTC’s outlook in the second half of the year, also raised their target price for HTC shares.

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