Taiwanese phone maker HTC has more than doubled its profits since last year, thanks mainly to the firm’s focus on Android says the company’s annual report.
HTC reported a $40 billion profit since May 2010 and said monthly sales have also been consistently doubling in 2011, compared with 2010.
The firm adopted the Android operating system back in 2009 and has not looked back since, having managed to overtake industry giants like Nokia in terms of profits and catapulting HTC into third place in the ranks of largest global cell phone makers.
HTC has been raking in the money ever since it adopted Google’s Android OS as its mobile platform of choice in 2009. By 2012, analyst firm Gartner predicts Android’s platform will run on half the smartphones on the market; HTC’s success so far makes this possibility seem very real.
It is not many phone makers, for instance, who could boast their handsets outsold the iPhone in 30% of Verizon stores, but HTC’s Thunderbolt did just that.
The firm’s Flyer tablet has also been seeing some success, and a whole bevy of new phones is expected to hit this summer, including the long awaited Evo 3D. The new HTC Sensation is also getting rave reviews from the tech press.
HTC has now predicted five to ten percent increases in shipments for the second quarter, with an anticipated 100% increase in next year’s profits.
