Smartphone maker HTC reports profit jump

2011-07-29 16:42

Taipei - Taiwan's top smartphone maker HTC says its second quarter earnings doubled, with shipments reaching 12 million handsets amid growing demand.

The company said Friday net profit for the April-June quarter surged 103% to New Taiwan dollars 17.5bn ($607m) on revenue of NT$124bn.

HTC has grown on the strength of its design and production of handsets based on Google Inc.'s Android operating system.

It said the launch of several entry-level models has added to revenue, with Asia posting stronger growth than the US and Europe.

HTC expects third quarter shipments to grow 98% year-on-year to 13.5 million, and revenue to grow 80 percent to NT$137bn.