Top smartphone maker High Tech Computer (HTC) signed a deal SK Telecom for its “Touch Dual” phone, marking its first entry into the highly competitive market.
Taiwan’s HTC, which makes a smartphone to compete with Apple’s iPhone and Research In Motion’s BlackBerry, has seen its stock surge in recent days and could rise as much as 70% in the next year, after HTC launched a third-generation Touch Diamond smartphone in May
The “Touch Dual” phone in alliance with SK Telecom is priced at roughly 500,000 won ($500), and offers pictures, email, messages, among other features.
“HTC expects sales to grow by up to 30% in 2008 on surging demand for its own-brand products in emerging markets, particularly China and India.” said by CEO Peter Chou in may.
The company, which has sold more than 3 million of its own-brand HTC Touch mobile phones since June last year, plans to launch the world’s first Google “Android” Linux-based mobile phone by the end of the year, ahead of its other rivals.