HTC Q1 2011: Record Revenues, Record Net Profits

The first quarter of 2011 was really great for HTC: The company showed record revenues and net profits.

According to the results of Q1 2011, HTC sold 9.7 million smartphones, which is 192 percent more than in Q1 2010, and 6 percent more than in Q4 2010. This brought the company quarterly revenues of 104.16 billion Taiwan dollars (about $3.6 billion) and net profits of $14.83 billion Taiwan dollars (about $517 million).

Most of the sold smartphones were based on Android OS, which once again emphasized the growing demand for this operating system. HTC also said that the “new products launched in 1Q (Inspire 4G, Thunderbolt, EVO Shift 4G, Desire S, Incredible S) were met with strong customer demand.”

In the second quarter of 2011 HTC is expecting to sell about 11 million devices (which will represent a more than 100 percent year-on-year growth) – the company will be releasing a number of new devices (the HTC Sensation and the Facebook-centric Salsa and Cha-Cha), after all. The first tablet by HTC – the Flyer – is also expected to be released in Q2 of this year. If the company manages to cell at least 1 million tablets, we guess it will also bring good profits.

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