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!
SOURCE Engadget
