HTC: Demand for mobile social media fuels growth

6th July 2011

The Wall Street Journal reports that Taiwan-based HTC's overseas sales have been boosted by its early adoption of the Android platform for mobile phones.

Analysts said earlier they expected robust global demand for smartphones to boost HTC's earnings.

Taiwan-based HTC, whose overseas sales have been boosted by its early adoption of the Android platform for mobile phones, didn't comment on the results. Analysts said earlier they expected robust global demand for smartphones to boost HTC's earnings. 

HTC profits double as smartphone demand grows

  Sales of HTC's smartphones has surged making it one of the leading players in the industry

Taiwanese smartphone maker HTC has reported that its profits more than doubled in the three months to June on growing demand for its gadgets.

HTC said it made a net profit of 17.52bn Taiwanese dollars ($608m; £380m) in the period, up from NT$8.64bn during the same quarter last year.

On Sunday, the phone maker it had sold record number of phones in June as sales surged 88% to $1.55bn.

HTC is the world's third-biggest mobile phone maker by market value.

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