HTC, a leading maker of smartphones, said that it expects it second quarter revenue to be around 120 billion Taiwanese dollars (4.19 billion US dollars), up 97% year-on-year. It forecast that it will ship between 11 million and 11.5 million handsets in the quarter, more than twice as many as in the second quarter of 2010.
In the first quarter of 2011, HTC's revenues rose 174.5% year-on-year to 104.16 billion Taiwanese dollars, boosted by a 192% year-on-year increase in handset shipments to 9.7 million. source: HTC statement
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