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Taiwan smartphone maker HTC reports profit jump

Fri, 04/29/2011 - 12:05am
The Associated Press

Taiwan's top smartphone maker HTC says its first-quarter earnings nearly doubled from a year earlier, with shipments totaling 9.7 million handsets.

The company announced Friday that its net profit for the January-March quarter surged to New Taiwan dollars 14.8 billion ($510 million), up 197 percent from a year earlier.

Revenue totaled NT$104 billion in the first quarter, up 174 percent from the year before.

HTC has grown on the strength of its design and production of handsets based on Google Inc.'s Android operating system. It said the company marketed five new smartphones in the first quarter, which contributed to the better-than-expected revenues.

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