HTC Net Income Beats Estimate on Android Phone Sales
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HTC Corp., the world’s largest maker of handsets using Google Inc. Android and Microsoft Corp. Windows operating systems, more than doubled profit after new models spurred sales to a record.
Fourth-quarter net income climbed to NT$14.6 billion ($500 million) from NT$5.5 billion a year earlier, the Taoyuan, Taiwan-based company said in a statement today. The average of 19 analyst estimates compiled by Bloomberg was for profit of NT$13.4 billion.