HTC, Quietly Billionaries

Written by Matthew Gissentanna. Posted in Mobile, Tablets, Tech News

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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.

Via Bloomberg

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