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Smartphone demand doubles HTC's Q2 profit

Smartphone demand doubles HTC's Q2 profit
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Taiwanese smartphone maker HTC saw its net profit double in the second quarter of this year to the equivalent of four hundred and twenty five million euros.

The world’s fifth largest mobile handset maker enjoyed surging customer demand as people switch to more high-tech phones to surf the internet, check emails and watch videos.

It is sticking to forecasts of shipping 50 million smartphones this year, up from 25 million in 2010.

“The second-quarter result was pretty solid. Now the market will wait to see if the guidance for the third quarter can also beat the street expectation, which is a five to 15 percent month-on-month growth in sales,” said Yuanta Securities analyst Bonnie Chang.

HTC will hold a briefing on the second-quarter results and give third-quarter guidance on July 29.