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HTC stock flatlines following revised Q3 earnings projections
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 stock trading at NT$63, its market capitalization has been lowered to $1.65 billion US dollars. HTC…
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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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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…
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HTC’s market capitalization helps them surpass Nokia and RIM
In the Global Mobile market, Nokia and RIM (Blackberry) have dominated the manufacturing/ device market for a long, long time. Though HTC still sells far fewer handsets that RIM and Nokia, we figures that have come to light today, HTC’s market capitalization has pushed them above two of its main competitors; certainly surprising to the non HTC…