HTC doubles handset shipments in Q1

HTC doubles handset shipments in Q1

HTC Corporation has nearly doubled handset shipments to 9.7 million in the first quarter of 2011, up 192% year on year and up 6% on the previous quarter.

Reporting its Q1 results this week, the Taiwanese manufacturer said the first quarter of 2011 had shown record sales and profits.

The results show HTC’s after-tax quarterly profit, year-on-year, has nearly doubled, jumping 196.8% to £309.7m.

HTC’s results also show revenue growth for the fourth consecutive quarter since Q1 2010 to reach £2.12bn, up 174.5% year on year.

Peter Chou, HTC’s CEO, said: ‘Thanks to the hard work of our employees and support from consumers worldwide, we had a phenomenal quarter with record sales and profits. Our innovation and leadership in technology has taken us to new highs. Our brand has been increasingly recognized by customers. And we will continue to focus on delivering the best smartphone products with cutting edge technology, user-friendly interface, and premium lifestyle design.’

Written by Mobile Today
Mobile Today

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