Smartphone maker HTC took home record profits and revenue in the first quarter thanks to surging consumption of its smartphone lineup. HTC’s market value recently surpassed that of global leader and rival Nokia, reported All Things D and other sources. The company is now worth around $33.8 billion, inching past Nokia’s market capitalization of $32.84 billion.

HTC announced in January that they expect to ship 8.5 million handsets. That is almost a 157% increase from a year ago. HTC has yet to make an entrance in to the tablet market. HTC will be releasing the 7-inch Evo View this spring on Sprint.

In addition to the release of the Evo View, HTC is also expected to launch its first-ever tablet with Google’s new operating system, Android Honeycomb. According to sources, the tablet will feature a 10-inch display and is rumored to be called the HTC Flyer. The tablet is expected to be launched in the coming months, and analysts predict that it could give Apple’s iPad a run for its money.

HTC’s success in the smartphone market can be attributed to their innovative designs, advanced technology, and partnerships with major carriers such as Verizon, AT&T, and Sprint. The company’s flagship smartphone, the HTC One, has received critical acclaim for its sleek design and impressive features, including a high-resolution camera and a powerful processor.

As HTC continues to dominate the smartphone market, it will be interesting to see how the company fares in the tablet market. With the release of the Evo View and the rumored launch of the HTC Flyer, the company is poised to make a big splash in the tablet space and give Apple a run for its money.

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