HTC surpassed Nokia this week, becoming the world’s third-largest phone manufacturer by market value. Also giving the Taiwanese firm cause for celebration are its quarterly profits, which are, as the French say, incroyable.
In the first quarter of 2010, HTC’s net income was NT$5 billion. For the first quarter of this year, HTC took that figure and almost trebled it, to NT$14.8 billion. One pound coin gets you NT$47, so in our money they’ve made, er, a shedload.
The firm’s profits are only expected to increase as the year rolls on. It’s currently preparing to launch the HTC Evo 3D (in summer-ish) and the HTC Flyer. We're also excited by the rumoured HTC Pyramid; 1.2GHz dual-core processor, 4.3in screen and 8MP camera, anyone?
HTC’s success is largely attributed to its Android catalogue, though it recently claimed to have accounted for four out of five Windows Phone 7 handsets sold last year. It hasn’t been put off by Microsoft’s partnership with Nokia, and will continue to release WP7 smartphones.
Quietly Brilliant indeed.