7/7/2011 5:30:00 PM
HTC’s profits beat expectations
HTC has reported strong Q2 results after strong sales of its Desire HD, Sensation and Thunderbolt smartphones.
The Taiwanese manufacturer yesterday (6 July) reported that net income had more than doubled to NT$17.5bn (£380m) up from NT$8.64bn (£187m) last year. Sales increased by 88% to NT$1.55bn (£624m)
HTC's CFO Winston Yung said: ‘We are very confident. I think we have launched a few products which will drive momentum all over the world.’
Things seem to be going pretty good for Asia’s second-largest smartphone maker as demand for the affordable Android powered handsets continue to grow.
This isn’t a first for HTC. The manufacturer, which has gone from strength to strength in recent months, has managed to do better than expected for the sixth quarter in a row.