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HTC Announces Record Profits In Q1 2011

On Friday HTC announced an incredible $3.6 billion in revenue for Q1 2011, equivalent to £2.2 billion and almost tripling revenues on this time last year.  The record HTC profits have largely been put down to the uptake of the Android platform and has allowed HTC to overtake Nokia as the worlds third largest mobile phone manufacturer.

The announcement on Friday will no doubt have Nokia concerned and leaves the company hoping the Nokia Microsoft partnership will breath new life into the balance sheet.

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