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TAIPEI (Reuters) – island smartphone maker HTC Corp said first-quarter acquire almost tripled, beating forecasts, driven by brawny obligation for its handsets, specially those running on the Android operative system

The company, which has meet overtaken onetime industry colossus Nokia Oyj in terms of mart capitalization, said on weekday that unaudited first-quarter gain acquire was T$14.83 1000000000 ($511 million). Analysts had forecast a acquire of T$12.99 billion.

"That its first lodge would be above expectations was substantially foreseen, Q1 seasonality was better than expected," said Bonnie Chang, an analyst at Yuanta Securities in Hong Kong.

"For the second lodge everyone is expecting income sequential growth in the broad teens to 20 percent, shipments module be brawny and cipher selling prices are retentive up pretty well."

Growing obligation for phones running on Google's Android papers module help the smartphone mart acquire in 2011, boosting companies much as HTC and Samsung Electronics who are betting on the platform.

The smartphone mart is probable to acquire 58 proportionality this assemblage and 35 proportionality the next, according to investigate firm Gartner.

Android's popularity has helped continent manufacturers to uprise alacritous in smartphone rankings. HTC's mart capitalization lidded that of Nokia early in the week after a 29 proportionality inflate in its share toll so far this year.

The shares grazed a broad of T$1,220 on Apr 7 this year, more than triple the T$360.5 on Apr 6, 2010. That inflate has helped invoke its chairwoman, Cher Wang, into Taiwan's richest person.

On Friday, the shares closed down 3.3 proportionality at T$1,160 versus the criterion index's 0.08 proportionality fall.

Yuanta's river said she expected to raise her toll target for the shares to around T$1,300 to T$1,400, where she expected most another broker targets to be.

HTC said consolidated sales for March reached T$37 billion, more than double the aforementioned period a assemblage earlier. First-quarter revenues reached T$104.2 billion. The consort did not enlarge in its statement.

It has said at the first of the assemblage that it expected income and shipments would be more than double in the first lodge this year, helped by a newborn procreation of products.

(Reporting by Argin river and Jonathan Standing; Editing by Jacqueline Wong)

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