Another quarter, another spectacular set of financial results for HTC. The once-small Taiwanese phone maker reports its net income for the first quarter of 2011 nearly tripled earnings in the same period of 2010, now totaling an impressive $513 million. Overall quarterly revenue was in the vicinity of $3.6 billion and the causes cited were, rather predictably, demand for Android smartphones and higher-speed internet connectivity (as provided by the likes of the EVO 4G and Thunderbolt). Guess now we know why the stock markets are loving HTC so much -- the company just can't stop growing! [Thanks, Karan]
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HTC breaks its own sales and profit records, keeps riding the smartphone wave to success originally appeared on Engadget on Fri, 08 Apr 2011 15:24:00 EDT. Please see our terms for use of feeds.
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