engine - 3:57 pm on Jan 21, 2011 (gmt 0)

Smartphone Maker HTC Sees Profits Rise 160pct In One Quarter [bbc.co.uk]

HTC, the Taiwanese smartphone maker that has emerged as a major rival to Apple's iPhone, saw net profits rise 160% during the October to December quarter compared with a year earlier. HTC was the first smartphone maker to use Google's Android operating system. Net profits rose to New Taiwan dollars 14.59bn ($500m; £315m) on the back of NT$104bn sales. The company sold 24.6 million phones last year, more than double the 2009 figure.