Strong Android sales see HTC's Q1 profits triple

HTC's profits during the first quarter of this year tripled compared with the same period in 2010, according a report from Reuters. The massive increase in profits is attributed to strong sales of the manufacturer's line-up of Android smartphones.

From atop a gigantic pile of cash, HTC announced that it made a first-quarter profit of T$14.83 billion (~$511 million), beating the predicted figure of T$12.99 billion. Q1 2011 revenues apparently topped T$104.2 billion (~$3.6 billion), with consolidated sales for March hitting T$37 billion (~$1.3 billion). That's a lot of phones.

Expectations are already high for the second quarter, with analysts suggesting HTC's profits could increase by up to 20% during the next three months. [Reuters]

Strong Android sales see HTC's Q1 profits triple posted originally by Android Central

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Source: http://feedproxy.google.com/~r/androidcentral/~3/o5I0AQEWPjQ/strong-android-sales-see-htcs-q1-profits-triple

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