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HTC’s Q2 losses outweigh four quarters of meager profits
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 second quarter of 2015 totaled NT$33.01 billion, nearly half the NT$65.06 billion HTC pulled in…
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HTC stock bounces back on news that ASUS has discussed HTC acquisition
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). While ASUS has not made an official offer, HTC is already fighting back by stating…
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ASUS considering HTC acquisition
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 had been discussed, but an actual takeover of HTC was not very likely due to…
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HTC stocks take another dive, market capitalization drops to $2 billion USD
Tuesday’s trading session in Taiwan was just as brutal as Monday’s as HTC’s stock fell 9.93%, lowering the company’s market capitalization to a mere $2 billion USD. Since June 1, HTC’s stock has precipitated 27.2% from NT$103.50 to NT$75.30. Today’s closing price for HTC was down more than 50% from the 12 month highs that the…
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HTC stock plummets to new lows after Friday’s revised revenue forcast
HTC stocks took a massive 9.91% hit today as investors scrambles to dump the stock as quickly as they could. As soon as the market opened, HTC’s stock hit a new low of NT$83.60, reducing the company’s market capitalization to a mere $2.21 billion US dollars. The massive selloff of HTC stock was triggered by…
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HTC Stocks hit a new low as the company cuts revenue projections for Q2
If you’re not aware, HTC is in trouble. earlier today, HTC announced that it is revising its revenue projections for the second quarter of 2015 from NT$46-NT$51 billion to NT$33-NT$36 billion with a possible net loss ranging from NT$7.95-NT$9.05 billion ($257-$291 million USD). To put things into perspective, the new revenue projections are roughly half…
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How long can HTC survive with its stock hitting new lows?
HTC is in trouble. It’s that simple. The company was flying high just a few years ago when it dominated the smartphone landscape, but HTC has struggled to stay relevant in a time when smartphones have become a commodity. After a few years of dramatic declines in revenue and profits, HTC has managed to stabilize…