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Renewed revenue growth expected for HTC

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Renewed revenue growth expected for HTC

HTC expects to make sales worth £620 million in the first quarter of 2010, which will be an improvement over its performance in 2009 and is being attributed to the launch of the Nexus One and the growing popularity of the Android platform.

The final quarter of 2009 saw a 13 per cent drop off in sales, which was largely caused by the initially sluggish uptake of Android-based smartphones, combined with technical issues dogging the firm's releases.

An HTC executive said that the principal benefit of the Nexus One's launch was the increase in public awareness of the Android platform, whilst the actual fiscal impact of the phone for HTC would be relatively small.

HTC is also hoping to expand in the Chinese market, where for the time being it is underrepresented compared to its stakes in the US and European smartphone markets.

Shares in HTC fell nearly two per cent in 2009, although it expects to fare much better in 2010 and some are recommending that investors seek to buy HTC shares before they rise even further.

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