HTC expects over 23% sequential revenues growth in 4Q09

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According to a recent conference call, shipments of HTC-branded handsets are expected to grow 5-6% on year in the fourth quarter, whereas ODM shipments are expected to come to the end of their business cycles (which means hat HTC no longer building devices for other OEMs like they did before ex. iPaqs, SE Xperia , Palms,etc…).

Gross margin for the fourth quarter is expected to range from 32-33%, while operating expense ratio is expected to reach 16.5%-17.5% compared to 13.9% in the third quarter due to a higher marketing budget for the quarter, HTC said.

Total handset shipments reached 2.8 million units in the third quarter, compared to three million units shipped in the second quarter and 2.4 million units in the first quarter, the company noted.

HTC reported that it snapped up net profits of NT$5.7 billion in the third quarter, down 12.4% on quarter and 18.5% on year. EPS for the third quarter stood at NT$7.18.

HTC posted revenues of NT$12.7 billion for October, up 7.4% sequentially but down 20.8% from a year earlier. HTC said it expects the US market to continue to show strong growth momentum, though Europe will remain relatively weaker.

Source: Digitimes