Milton Financials: HTC post record revenue, beating analyst’s estimates.

Oct. 6, 2010 - PRLog -- Recently released data available to Milton financial shows that the world’s largest producer of handsets utilizing Microsoft Corp. and Google Inc. operating systems, saw quarterly profits almost double, beating analyst expectations as smartphone sales pushed sales to a new record .

Income for the third quarter rose 95% to a record $360 million from $180.4 million in the previous year, the Taoyuan, Taiwan-based firm said in a recent statement, exceeding the $298 million predicted by many analysts.

HTC saw sales almost double from 2009, driven mainly by models using Google’s Android platform which recently overtook Canadian firm Research In Motion Ltd’s BlackBerry software as the most popular operating system in the U.S. among new smartphone purchasers, while the release of Microsoft’s Windows Phone 7 software later this year is expected to further boost HTC’s sales, Milton Financials has learned.

“HTC will be a key beneficiary of the robust smartphone up-cycle, growing popularity of Android, and Microsoft’s strong push of WP7,” one analyst known to Milton Financials recently wrote. “HTC’s improving brand awareness and software capability will continue to support its growth momentum into 2011.”

According to recent data Google’s Android operating system commands a 32% share of the U.S. market for smartphones purchased in the past six months with Apple Inc.’s iPhone and the BlackBerry platforms tied in joint second place.

International shipments of smartphones, or handsets connected to the Internet are expected to climb 55% this year to around 269.6 million units Milton Financials was informed.

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