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Smartphone Maker HTC Sees Profits Rise 160pct In One Quarter

   
3:57 pm on Jan 21, 2011 (gmt 0)

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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.