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HTC quarterly profits improve by a third, beat even its own lofty expectations

Vlad Savov
July 6, 2010
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We were impressed with HTC back in April when it forecast a record $1.6 billion revenue for itself over the second quarter, but lo and behold, the Taiwanese superphone maker has gone and outdone that with a $1.88 billion income over the period between April and June. Reporting a very solid 33 percent improvement in profits year-on-year -- $268 million versus $202 million 12 months ago -- the company points to strong sales (no doubt catalyzed by Android's growing popularity) as the chief culprit for its newly increased tax bill. Guess that shows that having a wide catalog of high-end devices doesn't preclude raking in the cash, provided they're all desirable enough to garner mind and market share.

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