HTC hails 'record' quarter

Taiwanese handset maker HTC beat a regular seasonal sales dip to grow handset shipments and profits by almost 200% apiece during 1Q11.
The firm generated a record NT$14.83 billion (€348 million) in profit after beating its own forecasts for device shipments and sales. Shipments grew 192% year-on-year to 9.1 million units – all smartphones -, fuelling a 175% rise in revenues to NT$104.1 billion, the fourth consecutive increase in sales income.
Chief Peter Chou said the “phenomenal quarter” was due to growing brand recognition by consumers.
The vendor expects the growth to continue through 2Q11, forecasting device shipments of 11 million to 11.5 million units, and revenue of NT$120 billion. HTC also plans to launch an own-brand app store during the second quarter, pledging to make the service a core competency moving forward.