Mobile device manufacturer HTC proved once again last month that it is not to be trifled with in the smartphone market, posting a year-over-year consolidated sales growth of 87.8 percent in June, Reuters reported.
According to the news provider, this represents a record in June sales for HTC, though sales figures actually slowed slightly from the 116 percent growth in May.
Reuters noted that market analysts had predicted a relatively weak month for the Taiwanese smartphone maker. However, market shares jumped 4 percent on Monday after the company had announced it monthly sales.
"Part of HTC's correction last month was due to market rumors that its June sales might be down or flat month-on-month, so the result yesterday helped clear up some of the rumors," Bonnie Chang, Yaunta Securities analyst, told the news provider.
This most recent report continues a trend of strong performance for HTC, which has become the No. 5 smartphone manufacturer in the world. According to recent figures from Gartner, HTC more than doubled its year-over-year market share in the first quarter of 2011, increasing from 0.9 percent in 2010 to 2.2 percent.