HTC seems to be able to account for an excellent first quarter of 2011 with record high quarterly revenues of NT$104.16bn ($3.63 billion) and net profits of NT$14.83bn ($517.21 million).

Additionally, HTC reportedly sold 9.7 million smartphones in the first quarter of 2011, which is 192% more than it did in the first quarter of 2010. Compared to the last quarter, Q4 of 2010, HTC sold 6% more and the higher numbers are mainly due to the growing demand for Android-powered smartphones.

Exceptional Q1 numbers are also due to smartphones just released, the Inspire 4G, Thunderbolt, EVO Shift 4G, Desire S and Incredible S which were very highly regarded by the market. With some more aces up its sleeve, HTC is projecting 11 million to 11.5 million units to be sold in the second quarter of 2011, which will represent a growth of up 103% to 113% year-on-year.

Source: HTC