Taiwanese Smarphone maker HTC are on a flyer at the moment after it announced that they had tripled its earnings in the last quarter, thanks mainly to the boom in sales of its incredibly popular Android smartphones.
According to a report on Bloomberg, the Taiwanese company earned £332 million in the quarter ending March 31st - three times more than it made in the first quarter of 2010.
HTC hasn't revealed exactly how many handset it has shipped in the first three months, but in January they had predicted that they would ship 8.5 million handset this year and that is a 157% increase on last years sales.
Even better news has been the sales of it first 4G phone the Thunderbolt that has been flying off the shelves over the pond and has even been keeping pace, and in many case beating its nearest competitor the iPhone 4.
The company also hopes to crack the tablet market, currently cornered by Apple’s iPad 2, with its upcoming seven-inch Android-based Flyer due to launch this spring.
And today the price was revealed for their first tablet after Carphone Warehouse and Best Buy starting taking pre-orders for the Flyer at £599.
It was announced last week that HTC’s market value had surpassed that of global best-seller Nokia, with a worth of $33.8 billion, against Nokia’s $32.84 billion.
Finnish mobile maker Nokia’s fortunes have foundered over the past year with the failure of its Symbian operating system to keep pace with rival offerings, Apple’s iOS and Google’s Android OS.
The phone giant recently threw its hand in with Microsoft, with a controversial $1 billion agreement to develop handsets for the Windows Phone 7 Platform – a move that could prove make-or-break for the company.