HTC expects huge growth

According to forecasts of High Tech Computer (HTC), their income is expected to grow by 23 percent to 1.45 billion dollars, thanks to the recently announced, Android-based T-Mobile G1 handset. Considering the whole year, the company's forecast reports a growth of 29%, so the company's whole turnover might increase from 3.82 billion dollars in 2007 to 4.53 billion dollars. A main factor of this event has been the success of HTC Touch Diamond. Hui-ming Cheng, CFO of HTC has emphasized that not only the gross revenue is great, but the profit as well. The manufacturer had a 34.2 percent rate of profit in Q3 this year, which is a small setback compared to the 34.5 percent rate in the previous period, but it's also a small increase compared to the 33.4 percent rate from last year. The manufacturer expects great sucesses for 2009, as they foresee a profit rate of about 30% and an estimated increase of 33 percent.


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