HTC unveils record profits, passes Nokia
HTC post record profits for Q1 in 2011
HTC have cantered past Nokia to become the world’s third largest phone manufacturer by market value. Boosted by their early uptake of the Android platform, they posted an eye-watering $3.6 billion in revenue for their Q1 results.
In figures to bring much, obviously understated, whooping and hollering from Taiwan, their record Q1 net income nearly tripled what they achieved this time last year. It doesn’t take Einstein to figure out that the public’s lusting for Android phones is behind the vast leap in profits and with the Flyer, HTC’s first tablet, just about to hit the marketplace, analysts are predicting the company’s success won’t be short lived.