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  5. HTC profits up 33% on Android phones boom

HTC profits up 33% on Android phones boom

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HTC profits up 33% on Android phones boom

Soaring demand for Android smartphones sent profits soaring 33 per cent at HTC during the second quarter, official data confirms.

Huge sales for its Desire and Legend handsets helped the Taiwanese phone maker to profits of £172 million for the period April and June 2010.

Total revenue for quarter was also up, rising by 58 per cent to just over £1.2 billion, with the strongest performances in the developed markets of Europe.

HTC expects an even more marked improvement in the third quarter, forecasting total revenue of over £1.4 billion. This would represent a 100 per cent year on year rise.

It also estimates it will six and a half million smartphones in the three month period.

News of developments comes as the firm recently announced that it is to enter the Chinese mobile market, where it will be forced to compete with cheap copies of official, branded handsets.

Key HTC smartphone launches ahead include the Windows Phone 7 powered HTC Vision as well as an enhanced edition of the best-selling Desire, dubbed the HTC Desire HD.

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