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HTC posts record profit and sales

Posted on Sunday, April 10 2011 @ 21:35:38 CEST by

Bloomberg reports HTC posted record quarterly profit and sales on booming demand for its smartphones. The company's sales more than doubled and first-quarter profit almost tripled:
HTC Corp. (2498), the Taiwanese company which overtook Nokia Oyj this week as the world’s third-largest phonemaker by market value, posted record quarterly profit and sales on demand for smartphones.

Net income almost tripled to NT$14.8 billion ($513 million) in the first quarter from NT$5 billion a year earlier, the Taoyuan, Taiwan-based company said in a statement today. That was higher than the NT$12.8 billion average of 18 analyst estimates compiled by Bloomberg.



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