Business
Smart Phone Maker Records Higher Profit
Taiwan’s top smartphone maker, HTC, said last Friday that its fourth-quarter earnings more than doubled from a year earlier amid strong demand in global markets, our correspondent reports that net profit for the October-December quarter surged to New Taiwan dollars 14.59bn ($500m), up by 160 per cent from a year earlier, and a 31 per cent increase from the third quarter, the company said in a statement.
Unconsolidated revenue totalled $104bn in the final quarter, up from $41.07bn the year before.
HTC experienced fast business growth last year on the strength of its design and production of the first handset based on Google Incorporated’s Android operating system.
HTC shipped 24.6 million handsets in total last year, up by 111 per cent from 2009. First quarter sales are expected to reach 8.5 million handsets this year, officials said.
It’s fourth-generation smartphone launched late last year would be marketed by US carriers, Verizon and AT and T, officials said.
The Chief Executive Officer, HTC, Mr.Peter Chou, said the company began building its brand awareness globally in 2009 to seize on last year’s “explosive growth” in smartphone demand.
To meet expected double-digit world market growth in 2011, Chou said HTC would double its monthly capacity in its Shanghai factory to two million handsets and will consider outsourcing if that becomes necessary.
Chou also said that HTC would branch out into tablet computers, but declined to give details.
He said, “It’s a new market with many competitors, and we don’t want to rush into it. “We hope the product we eventually unveil will be one that meets consumers’ needs.”
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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