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HTC Sales, Profits Nearly Triple in Q1

By Staff Author | April 8, 2011

In an earnings statement released today, handset maker HTC said its sales and profits nearly tripled in the first quarter.

HTC’s sales soared to 104.15 billion New Taiwan dollars, about $3.6 billion, during the first three months of 2011, from 38 billion New Taiwan dollars during the same period last year.

The company’s profits rose along similar lines, climbing to 14.8 billion New Taiwan dollars, about $512 million, from 4.9 billion New Taiwan dollars last year.

HTC did not provide any comment on the results.

HTC’s sales have been buoyed by the popularity of the Android operating system. The majority of the manufacturer’s smartphones use Android, which has proven to be a strong competitor to Apple’s iOS, used in the iPhone.

Sprint, which tapped HTC for its first WiMAX smartphone, is one of HTC’s high-profile carrier customers. Sprint debuted the HTC Evo 3D, a glasses-free 3D smartphone, and the HTC Flyer tablet at CTIA last month. The devices are expected to become commercially available this summer; Sprint has yet to announce pricing.

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