Taiwan's HTC Corp today announced its net profit for the first quarter at 360 million Taiwanese dollars ($11.79 million) as it matched with the market forecasts.

The company said that it sees its Q2 revenue between T$46 billion and T$51 billion.

HTC predicted that the Q2 gross margin may fall between 23 per cent and 23.5 per cent.

($1 = 30.5270 Taiwan dollars)

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