Taiwanese smartphone giant HTC today announced its monthly financials, notifying investors that, as predicted, its self-assessed consolidated revenue for October reached $1.47 billion, down 2.8 percent from the previous month.
Posting its third-quarter earning report at the end of October, HTC saw a 68% increase in revenue from 2010 and 7% boost over the previous quarter, but warned that its forecast for its fourth-quarter revenues may fall, with shipments also slowing.
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The company’s predictions have begun to be realised as revenues slipped in October, with it suggested that impressive sales of Apple’s new iPhone 4S – which topped more than 4 million units in its launch weekend alone – taking its toll on the Taiwanese mobile maker.
However, HTC’s impressive growth over the year is still clear to see, with October’s consolidated revenues seeing an increase of 36.01% from the same month in 2010. For the first 10 months of the year, revenues grew 97.16% over the previous year, as HTC saw sales of its Android and Windows Phones help it become the world’s fifth biggest smartphone vendor.