- TAIPEI: Taiwan smartphone maker HTC Corp reported an almost tripling of first-quarter profit, above forecasts, driven by strong demand for its phones.
The company, which has just overtaken Nokia in terms of market capitalization, said first-quarter unaudited net profit was T$14.83 billion ($511 million). Analysts had forecast profit of T$12.99 billion.
HTC said consolidated sales for March reached T$37 billion, more than double the same month a year earlier.
The company did not elaborate in its statement.