HTC reports 68% surge in profits

Taiwan smartphone maker HTC said today that its third quarter earnings grew 68% from the same period last year, with shipments reaching 13 million handsets.

The company said net profit for the July-September quarter amounted to 18.7 billion new Taiwan dollars (€439m) on revenue of 136 billion new Taiwan dollars (€3.2bn), with Asia, particularly China, a key to growth.