HTC smartphone profits rise 160%

Peter Chou, HTC chief executive HTC's chief Peter Chou says the company might add a tablet computer to its product range

Related Stories

HTC, the Taiwanese smartphone maker that has emerged as a major rival to Apple's iPhone, saw net profits rise 160% during the October to December quarter compared with a year earlier.

HTC was the first smartphone maker to use Google's Android operating system.

Net profits rose to New Taiwan dollars 14.59bn ($500m; £315m) on the back of NT$104bn sales.

The company sold 24.6 million phones last year, more than double the 2009 figure.

Growth is expected to remain rapid this year, with the company predicting some 8.5 million handsets to be sold during the January to March quarter this year.

The company will also start making tablet computers to challenge Apple's iPad.

"It's a new market with many competitors, and we don't want to rush into it," Peter Chou, HTC chief executive, said.

"We hope the product we eventually unveil will be one that meets consumers' needs."

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories



Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.