Nokia has always been the worldwide leader of market share in the mobile world but only was third in market value. This week, however, HTC's rapidly growing popularity has caused the company to overthrow Nokia in the third rank as HTC posted record profits this quarter, making them the third largest phone maker behind Samsung and Apple.
HTC brought in a net income of $513 million in the first quarter, almost triple of last year and 20% higher than what analysts projection for the company.
Sales had a lot to do with this, too. HTC was one of the biggest benefactors of the Android operating system and sales were doubled because of it. HTC projects their sales to continue and their profits to soar this quarter as they are releasing their first tablet.
Will HTC's success continue after Android's announcement last week that they're moving to a more strict guideline for their platform? My speculation lies after the break.read more...