HTC saw its monthly revenue in May surpass NT$40 billion for the first time in the company’s history. Taiwan Economic News reports on Thursday that HTC’s May revenue came in at NT$40.6 billion, or US$1.6 billion, thanks to continued high demand for its smartphones. Revenue was up 115% compared to the same month last year, and up from NT$38.73 billion last month, which had also set a company record. The cell phone maker’s revenue now totals NT$183.5 billion (US$6.3 billion) through the first five months of 2011, up 145% compared to the same period in 2010. The trend is expected to continue, as analysts project HTC’s June revenue to climb 10% to NT$44 billion.

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