HTC LogoHTC's profits during the first quarter of this year tripled compared with the same period in 2010, according a report from Reuters. The massive increase in profits is attributed to strong sales of the manufacturer's line-up of Android smartphones.

From atop a gigantic pile of cash, HTC announced that it made a first-quarter profit of T$14.83 billion (~$511 million), beating the predicted figure of T$12.99 billion. Q1 2011 revenues apparently topped T$104.2 billion (~$3.6 billion), with consolidated sales for March hitting T$37 billion (~$1.3 billion). That's a lot of phones.

Expectations are already high for the second quarter, with analysts suggesting HTC's profits could increase by up to 20% during the next three months. [Reuters]

 

Reader comments

Strong Android sales see HTC's Q1 profits triple

9 Comments

^^ THIS!

I would like my next device to be a HTC because of the hackability, but the battery life on every HTC out so far has been a dealbreaker for me. What good is an unlocked phone that you can't use because you have to watch your battery consumption to make it through the day, you know?

Why are HTC's so powerhungry? Is it Sense? I know it doesn't help that they always seem to put in a underpowered battery, but seriously, enough people have been calling for this for long enough that if it was Sense, you would think the newer versions would have fixed the issue.

I think I'm going to be an HTC owner for the rest of my life. I love my Evo 4G and soon I'm going to get the Evo 3D.

Htc has done very well by android starting way back from the beginning. No manufacturer well ever be better than Htc that's for sure. I love my Evo 4g and will be looking for my Evo 3d on the first day. Google/Htc/Sprint the best combination ever. If you ain't rolling in that manner then you ain't rolling

Long time Pre user. I recently moved to the EVO Shift and I have had great luck with the battery, so I assume it's the EVO 4g that burns through batteries? Or maybe it's the comparison of the awful Pre battery making it seem so stellar. -Lovin' Android and HTC

Not too shocking really as HTC easily makes the best looking most desired hardware around minus all the drones that follow Apple just because it's Apple. I am an iPhone convert and I have always thought HTC devices were extremely nice and I always wanted one. Well I finally got the Inspire and I LOVE it more than I ever liked my iPhone 4.

Their hardware is not the best. Their 8 mp camera on the EVO sucks compared to my 5mp on the Galaxy S. T The EVO screen sucks compared to SAMOLED. And battery life is awful.