HTC breaks its own sales and profit records, keeps riding the smartphone wave to success
![](https://s.yimg.com/ny/api/res/1.2/Jfu0XKpb5pGd3Jet7VPZvQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ0Nw--/https://s.yimg.com/uu/api/res/1.2/lDW_0sHRBnn6vqTYFABgtw--~B/aD0yNzA7dz01ODA7YXBwaWQ9eXRhY2h5b24-/https://www.blogcdn.com/www.engadget.com/media/2011/04/10x07063kh4vb64v.jpg)
Another quarter, another spectacular set of financial results for HTC. The once-small Taiwanese phone maker reports its net income for the first quarter of 2011 nearly tripled earnings in the same period of 2010, now totaling an impressive $513 million. Overall quarterly revenue was in the vicinity of $3.6 billion and the causes cited were, rather predictably, demand for Android smartphones and higher-speed internet connectivity (as provided by the likes of the EVO 4G and Thunderbolt). Guess now we know why the stock markets are loving HTC so much -- the company just can't stop growing!
[Thanks, Karan]