October 6, 2010 / 7:15 AM / 8 years ago

Taiwan HTC Q3 profit almost double

TAIPEI (Reuters) - Taiwan smartphone maker HTC Corp posted on Wednesday a 95 percent rise in third-quarter net profit, above expectations, helped by new models launched to meet growing demand.

HTC’s unaudited net profit was T$11.1 billion ($360 million) in July-September, the company said in a statement, without giving further details. HTC earned T$5.695 billion in the same period a year ago.

The profit beat a consensus forecast of T$8.7 billion by Thomson Reuters I/B/E/S.

HTC’s sales reached T$27.1 billion in September, more than double from the same month a year earlier.

HTC has recently unveiled details of its push into the increasingly important mobile services sector and introduced two new handsets in London using Google’s Android software.

HTC, which also uses Microsoft’s Windows operating system in its smartphones, is battling for the position of fourth-largest smartphone maker with much larger cellphone maker Samsung Electronics.

Other bigger rivals are Nokia Oyj, Blackberry maker Research in Motion and iPhone maker Apple Inc.

Reporting by Argin Chang; Editing by Jonathan Standing

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