HTC: First-quarter revenue and shipments to double in 2011

In a presentation to investors on Friday, HTC revealed first-quarter projections that left attendees wide-eyed and smiling. In short, the Taiwan-based cell phone maker sees revenue and shipments both doubling as it continues to make waves in the smartphone market. “We continue to see strong demand from existing products and expect recently launched 4G products to help drive shipment growth in 2011,” HTC noted in a statement. The company projects first-quarter 2011 revenue to reach $3.2 billion on shipments of 8.5 million units. While overall growth in the smartphone market is expected by some to slow from 13% in 2010 to 8.4% in 2011, HTC is showing no signs of faltering. Exciting new devices like the ThunderBolt, Inspire 4G and DROID BIONIC are waiting in the wings, ready to pounce and help HTC maintain its position among the leaders in the Android space. The company is also reportedly preparing a second wave of Windows Phone 7 handsets as Microsoft’s emerging mobile platform continues to gain momentum.

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