HTC Reveals Massive 160 Per Cent Leap in Profits

HTC has announced a massive leap in profits for the end of 2010.

The smartphone manufacturer from Taiwan revealed its net profits had shot up by 160 per cent in the fourth quarter, equating to 14.59 billion Taiwan dollars (£315 million) for the three month period.

The company also claimed it had more than doubled the number of handsets it sold in 2009, with the 2010 figure at 24.6 million.

It predicted continued growth and expected to sell 8.5 million handsets in the quarter running from January through to March.

HTC handsets come with a variety of operating systems installed, but its close ties with Google's Android OS and Microsoft's Windows Phone 7 OS has helped send its sales figures through the roof.

Rumours are rife that the company is also working on a tablet device to take on its rivals such as Apple and Samsung.

However, Peter Chou, chief executive of HTC, told the BBC the company didn't want to rush into releasing a tablet.

"We hope the product we eventually unveil will be one that meets consumers' needs," he said.

print this article

Return to business news headlines
View Business News Archive

Share with: