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HTC Source | October 10, 2015

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HTC cutting 15% of its workforce in an attempt to end its downward spiral

August 13, 2015 | | One Comment

Following last week’s disappointing revenue numbers for July, HTC has announced today that the company will cut its workforce by 15%. The internal reorganization will leave more than 2,000 HTC employees jobless. HTC has not announced how quickly the jobs … Read More

HTC stock flatlines following revised Q3 earnings projections

August 7, 2015 | | 9 Comments

A day after HTC announced that the company is planning to lose NT$5.51 to NT$5.85 per share during the third quarter, HTC’s stock has taken a nose dive. The stock price flatlined at NT$63, a 10% drop from the previous day. With HTC’s … Read More

HTC announces plans for job, product cuts with disappointing July sales numbers

August 6, 2015 | | 5 Comments

This morning, HTC announced that July’s unaudited revenue came in at NT$7.41 billion, bringing total (unaudited) revenue from January through July of NT$81.94 billion. The revenue numbers for July are 14.65% lower than what HTC posted in June and a 30.15% drop … Read More

Rumor: Qihoo 360 to invest $661 million for a 31.5% share of HTC

July 29, 2015 | | 4 Comments

Citing sources at international securities investment houses, is reporting that Qihoo 360 may be planning to invest $661 million into HTC by purchasing a 31.5% share of the company. Qihoo 360 is an internet services company which specializes in … Read More

HTC’s Q2 losses outweigh four quarters of meager profits

July 6, 2015 |

HTC has announced that the company lost NT$8.03 billion ($261 million USD) for the second quarter. While the quarterly net loss was expected, it’s still a bit surprising as it was preceded by four quarters of profits. Revenue for the … Read More

HTC stock bounces back on news that ASUS has discussed HTC acquisition

June 15, 2015 | | One Comment

Last week’s news regarding a possible ASUS buyout of HTC came after the markets closed on Friday, so it’s not surprising that HTC’s stock price shot up today by 10% (the maximum single-day movement allowed by the Taiwan stock exchange). … Read More

ASUS considering HTC acquisition

June 12, 2015 | | 7 Comments

During the ASUS annual shareholder meeting, Asustek Chairman Johnny Shih revealed that the company has had internal discussions regarding an ASUS acquisition of HTC. Chief Financial Officer David Chang clarified the Chairman’s comments to Reuters by stating that the topic … Read More