HTC says it expects sales to rise to one-year high as shipments climb

Unconsolidated sales will be NT$40 billion (US$1.2 billion) to NT$42 billion, with shipments of products bearing HTC's name to rise 5 percent to 6 percent from a year earlier, the Taoyuan, Taiwan-based company said today. It is expected to post revenue of NT$40.7 billion, according to the median of 10 analyst estimates compiled by Bloomberg. HTC expects new models of phones using Windows as well as Google Inc.'s Android operating system will help boost sales and brand awareness, the company said. The handset maker reiterated its July 31 guidance for full-year revenue to drop by a low-to-single digit percentage from 2008, compared with a forecast earlier in the year of 10 percent growth.

Gross margin, a measure of profitability, will be 32 percent to 33 percent in the three months ended Dec. 31 on an unconsolidated basis, compared with 32.3 percent in the third quarter, the company said today.

HTC had sales of NT$34 billion in the July-to-September period and NT$47.4 billion in the fourth quarter of last year. The shares added 2 percent to close at NT$350 today in Taipei before the announcement.

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