HTC Rolling in It (Cold, Hard Cash, that Is)

Paul Lilly

HTC's third quarter financial report proves the smartphone maker has game -- mobile game -- and everyone wants to play. The company said it sold 13.2 million smartphone devices in the third quarter of 2011, almost double (93 percent) the number it sold in the same quarter one year prior. That's also a 9 percent jump from the second quarter of 2011.

All of those smartphone sales translated into after tax profits of NT$18.68 billion, or around US$623 million, up 68 percent year-on-year. That's the kind of thing that tickles investors, who have reason to grin from ear-to-year as HTC's revenues grew for the sixth consecutive quarter since Q1 2010 and reached NT$135.82 billion, or US$4.53 billion, up 79 percent year-over-year.

"We aim to lead the way as the smartphone market continues to expand and change rapidly," said Peter Chou (PDF) , CEO of HTC. "We pride ourselves on anticipating market and consumer needs and addressing them before they are realized. We are growing rapidly and responsibly around the globe and continue to expand our leadership in new areas, such as LTE."

HTC pointed to China as "one of the most important growth regions for HTC," a country which reported top sales across all regions in the third quarter, and nine times more than its sales volume in the same period one year ago.

Around the web

by CPMStar (Sponsored) Free to play