HTC has revealed its financial performance stats for Q1 2008, and it looks as though the year has been kind to the smartphone manufacturer already.  With $1.08bn earned this past quarter, a year-on-year increase of 38.6-percent from Q1 2007, the company has comfortably out-performed smartphone rival Palm and is buoyant about its potential for the rest of the year.

“The first-quarter bonus-adjusted net earnings were higher than expected due to a higher-than-expected gross margin and lower operating expenses in the January-March period” HTC

However, the Q4 2007 to Q1 2008 change was a 16.2-percent decrease, and while HTC are yet to officially explain this decrease many are blaming the post-festive season slow-down and increasing economic uncertainty.

HTC have scheduled a results conference call for investors on the April 25th.

[via BGR]