TCL Communication Technology Holdings Ltd. (02618.HK) expects 50-60 percent revenue growth next year, mainly due to higher prices and increased sales of tablets, the Hong Kong Economic Journal reported.
The company’s brand TCL-Alcatel has seen its tablet shipments surge nearly four-fold in the third quarter this year, the report said, citing chief financial officer Thomas Liu Yuk-tung.
Deliveries of those products amounted to 500,000 units in the quarter, putting the firm in the eighth rank globally, according to market research firm Gartner.
TCL is planning to expand its tablet sales to make them account for 8 to 10 percent of the firm’s total sale volume of smart-mobile devices next year, as compared with 5 percent this year, the report said.
In other initiatives, the company aims to boost the share of mid-to-high-end smartphones, which are priced at more than US$200 per unit, in its total revenue to over 5 percent, from the current 2 to 3 percent.
Liu also said the company is tapping into the apps store business.
The firm is partnering with its parent TCL Group and Cisco Systems Inc. to enter the commercial cloud computing market in mainland China.
The venture will entail total initial investment of US$80 million for the first phase. As TCL Communication holds 20 percent stake in the joint venture, it will have to put in US$16 million.
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