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Taiwanese smartphone manufacturer HTC continues to impress with record second-quarter revenues and a 32.8 percent jump in profit. The world’s fourth-largest smartphone vendor yesterday reported a 58.5 percent year-on-year jump in revenue, to NT$60.53 billion (US$1.88 billion), whilst unaudited net profit came in at a 2.5-year high (NT$8.64 billion/US$268 million). This was the company’s highest quarterly unaudited net profit since it reported a NT$9.99 billion net profit for the fourth quarter of 2007, before Taiwanese companies started to treat employee bonuses as expenses. The results far exceeded internal expectations; in late April the company said it expected second-quarter revenue to grow to NT$50 billion and handset shipments to rise 50 percent from a year earlier to 4.5 million units. “Both June and 2Q revenues continuously hit record highs, [showing] good execution of brand strategy and grow scale strategy,” noted HTC in a statement. HTC is a fast-rising player in the mobile handset space. Originally a contract maker of phones, it began making own-brand devices a few years ago and is now regarded as one of the most innovative smartphone manufacturers. As well as being the world's largest maker of phones using Microsoft's operating system (OS) in terms of shipments, it is also arguably the biggest proponent of Google’s Android OS, producing critically acclaimed high-end devices such as the Droid Incredible, Desire and Evo. Analysts expect the strong momentum to continue in the second half of the year. Yuanta Securities analyst Bonnie Chang told Dow Jones Newswires she expects HTC's shipments to rise to 20 million units this year, up from 12 million in 2009. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3G homepage.com The Number 1 Homepage Download into 3G Mobile/Cell Phones ADD OUR FEED: COPY THIS ADDRESS INTO YOUR NEWSREADER: http://3ghomepage.com/wordpress/index.php OR: RSS2: http://3ghomepage.com/wordpress/index.php/index.php/feed/ Atom: http://3ghomepage.com/wordpress/index.php/index.php/feed/atom/

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