Mid-range to high-end models still mainstream for US and Europe smartphone markets, says HTC president Tweet

HTC president Peter Chou has commented that mid-range to high-end smartphones are still the mainstream in the US and Europe, which are the Taiwan-based company's main sales markets for 2010.

The smartphone vendor is often criticized by industry pundits for its high price tags and lack of entry-level offerings.

Although there is a market for low-price smartphones, consumers in developed regions are willing to pay the modest price premium for more powerful features, Chou said after a recent stockholders meeting.

Almost every model is selling well in all markets distributed, which took the company a little bit by surprise and caused a slight supply shortage, he said. But the issue has been resolved, he added.

Second-quarter revenues are expected to rise sequentially by 40-50%, and sales, shipments and profits for 2010 should see significant growth.

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