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.