HTC, an increasingly popular smartphone maker and the single biggest player in the Android business, just announced its financial results for the first quarter of this year, and they simply couldn't be any better.
Q1 2010 Financial Results
Revenues rose 19.3% year-over-year to NT$37.7 billion (US$1.2 billion) from NT$31.59, blowing way past the analysts' forecasts of NT$32-34 billion and even HTC's own expectations.
Net profits rose 3% year-over-year to NT$5.03 billion (US$158 million) from NT$4.88 billion.
Sales rose 33% compared to the same quarter a year ago.
HTC's shares are trading at NT$401.50 this morning, +5.38% from last night's close of NT$381 (morning Taiwanese time that is, it's 8PM Pacific here).Read More