China-based vendor TCL Communication Technology Holdings has managed to ramp up its smartphone shipments to over five million units a month since October and will reach its goal of shipping 40 million smartphones in 2014, according to the company.
Additionally, total monthly handset shipments also surpassed eight million units in the past two months to November, buoyed by increasing shipments to Latin America, Russia, Europe and Africa, said the company.
Total handset shipments reached 64.92 million units in the first 11 months of 2014, increasing 32% on year. By year-end, total shipments are expected to be higher than the company's target of 65 million units set for the year.
During the January-November period, smartphone shipments soared 140% on year to 36.06 million units.
TCL Communication also saw its revenues grow 69% on year to HK$20 billion (US$2.58 billion) and its net profits increase 52-fold to HK$740 million in the first three quarters of 2014, according to company data.
The TCL Group holds a 58.07% stake in TCL Communication.
