HTC shares fell 10% amid the company's pessimistic quarterly loss forecast
Against the background of information on quarterly loss, shares of the Taiwanese company HTC fell in price by 10%, reports Business Insider. The company predicts a loss of five times the analysts' forecast. HTC expects the loss in July-September to be $ 5.51-5.85 per share. The average forecast of analysts suggests that this figure will be $ 1.17 per share.
HTC will restructure, including reductions in labor and changes in top management. In an attempt to reverse the situation, the company is reviewing the model range. According to HTC's forecast, its revenue in the current quarter will be approximately $ 600 million. If HTC’s revenue falls below this level, it will be the minimum for the last ten years of the company's history.
Kevin Su, an analyst at Nua Nan Securities investment company, said that after stopping the bidding, applications to sell another 7.5 million shares of HTC remained unfulfilled.
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HTC could not stand the competition with Chinese manufacturers of budget smartphones Xiaomi and Huawei and such giants as Samsung and Apple .
Shares of the Taiwanese company this year have already fallen in price by 51%. If in 2011 its share in the global smartphone market was about 10%, now it does not exceed 2%. "We believe that HTC will continue to lose market share in smartphones and lose its money," said Kelvin Huan, an analyst at SinoPac Securities, a Taiwanese investment company.
HTC will restructure, including reductions in labor and changes in top management. In an attempt to reverse the situation, the company is reviewing the model range. According to HTC's forecast, its revenue in the current quarter will be approximately $ 600 million. If HTC’s revenue falls below this level, it will be the minimum for the last ten years of the company's history.
Kevin Su, an analyst at Nua Nan Securities investment company, said that after stopping the bidding, applications to sell another 7.5 million shares of HTC remained unfulfilled.
')
HTC could not stand the competition with Chinese manufacturers of budget smartphones Xiaomi and Huawei and such giants as Samsung and Apple .
Shares of the Taiwanese company this year have already fallen in price by 51%. If in 2011 its share in the global smartphone market was about 10%, now it does not exceed 2%. "We believe that HTC will continue to lose market share in smartphones and lose its money," said Kelvin Huan, an analyst at SinoPac Securities, a Taiwanese investment company.
Source: https://habr.com/ru/post/293430/
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