HTC, who will this week launch the Incredible S Smartphone in Australia, says its first-quarter net profit nearly tripled.The Taiwanese company that is now outperforming Nokia, is tipped for a big year in Australia, as all three carriers battle it out to get access to HTC handsets.
HTC’s value as of Friday had reached US$32.7 billion, which is below Nokia’s US$33.6 billion. This was achieved after the company reported a A$518 million profit for the three months ended March 31.
HTC’s overseas sales have been boosted by its early adoption of the Android platform which is set to climb as the Companies delivers seperate Android models for different carriers.
The company said that they will introduce more low-end and mid-end HTC-brand smartphones from the second quarter, which is expectded to help fuel the company’s growth this year.
Market-research firm Gartner Inc. forecasts Android phones will account for 49% of the smartphone market by 2012, up from about 23% in 2010. The Android platform allows device makers, including HTC, that may not want to or be able to create their own operating system, to manufacture smartphones.