HTC boosts profits with Android exclusivity

Smartphone maker HTC has seen its net profit jump 33 per cent on the same period last year, thanks in the main to the success of its Android handsets.

The company has sold millions of Android powered app phones over the last year though the money men were reluctant to say exactly how many. The Droid Incredible and Evo 4G are doing well in a US market dominated by Apple's iPhone 4 and the Desire, Legend and Wildfire handsets are becoming increasingly popular in European markets.

The Taiwanese company has also benefitted from the complete failure of Microsoft to make an impact with its embarrasingly underwhelming Kin handsets and the lack of a concrete release date for the long-awaited Windows 7 Mobile Edition.

The company's revenue grew by 58 per cent to $1.9 billion in the second quarter which converted to a profit of $268 million.