Smartphone vendor HTC reported a strong set of financials for the first quarter, including a 196.8 percent year-on-year rise in net profit to TWD14.83 billion (US$517 million) and a 174 percent increase in group revenue to TWD104.16 billion. HTC sold 9.7 million smartphones in the quarter, 192 percent more than the year-ago quarter, and 6 percent up on Q4 2010.