October 31, 2008 / 7:05 AM / 9 years ago

HTC sees Q4, 2008 revenue rising y/y

TAIPEI, Oct 31 (Reuters) - Taiwan smartphone maker HTC Corp 2498.TW said on Friday it expects revenues for the fourth quarter and the full-year of 2008 to both rise over 20 percent from the same period a year earlier.

HTC, which competes with Blackberry maker Research In Motion RIM.TO and Apple’s AAPL.O iPhone, sees revenues growing by a mid-20s percent in the fourth quarter, while 2008 revenues are seen up 29 percent, it said in a company document.

HTC also said its board had approved a plan to spend up to T$5 billion ($151 million) to buy back 10 million shares through Dec. 7. (US$1=T$33.0) (Reporting by Lee Chyen Yee and Doug Young; Editing by Jonathan Hopfner)

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