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April 8, 2011 07:24 pm EDT

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

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]

HTC breaks its own sales and profit records, keeps riding the smartphone wave to success originally appeared on Engadget on Fri, 08 Apr 2011 15:24:00 EDT. Please see our terms for use of feeds.

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Original Link: http://www.engadget.com/2011/04/08/htc-breaks-its-own-sales-and-profit-records-keeps-riding-the-sm/

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Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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