Latest in 2011

Image credit:

HTC breaks its own sales and profit records, keeps riding the smartphone wave to success

Vlad Savov
04.08.11
Share
Tweet
Share
Save

Sponsored Links

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]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share
Save

Popular on Engadget

The 2019 Engadget Holiday Gift Guide

The 2019 Engadget Holiday Gift Guide

View
Traeger WiFi grills monitor your wood pellet supply with an $80 sensor

Traeger WiFi grills monitor your wood pellet supply with an $80 sensor

View
Intel unveils its first chips built for AI in the cloud

Intel unveils its first chips built for AI in the cloud

View
Disney+ cuts off 'Simpsons' jokes with widescreen episodes

Disney+ cuts off 'Simpsons' jokes with widescreen episodes

View
Apple may reveal its 16-inch MacBook Pro tomorrow

Apple may reveal its 16-inch MacBook Pro tomorrow

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr