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HTC's Consolidated Revenue for September Sees Year-on-Year Jump; Likely Boosted by Pixel Smartphones

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HTC's Consolidated Revenue for September Sees Year-on-Year Jump; Likely Boosted by Pixel Smartphones
Highlights
  • HTC's consolidated revenue for September rises sharply year-on-year
  • The company's monthly revenue rises year-on-year for first time in 2016
  • Pre-orders for Pixel smartphones will start from October 23 in India

HTC posted its earnings for September on Thursday following the official announcement of Google Pixel smartphones that were assembled by the company. The Taiwanese company reported a 31.3 percent year-on-year rise, and a 42 percent rise in comparison to August, in its consolidated monthly revenue during September to TWD 9.33 billion (roughly Rs. 2,000 crores).

Even though there was no word about the Pixel smartphones in company's press release regarding monthly earnings, it is hard to ignore that the company's revenue witnessed the massive jump in the month leading to the announcement of Google's smartphones.

Interestingly, September is now the first month in the calendar year where HTC has reported a year-on-year growth. The company's total unaudited consolidated revenue from January to September stood at TWD 55.91 billion (roughly Rs. 11,850 crores).

In the month leading up to the launch of Pixel smartphones, almost all of their features as well as their design were leaked on the Internet.

Google unveiled its Google Pixel and Google Pixel XL smartphones on Tuesday. These are the first Google-branded smartphones and have been manufactured by HTC. India is among the launch markets for the smartphone and Google Pixel's price in India will start at Rs. 57,000. The pre-orders will begin from October 13.

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