HTC

Beats stock buyback reportedly because HTC didn't meet financial commitments

Beats stock buyback reportedly because HTC didn't meet financial commitments
A few days ago we heard about how the Beats audio group was planning to buyback a controlling interest in the company, leaving HTC with just a 25% stake, but the reason for the move wasn't really that clear. Sure, we got a PR-clean joint statement about the move, but those never really give any real information. 

Now, we're getting some unofficial word about the reasoning. According to sources of CNet, Beats made the move because HTC didn't meet "financial obligations" that were expected. HTC has been having a kind of tough road recently. It's yearly profits were not nearly as good as last year, and the company's new pared-down device lineup hasn't been selling all that well, despite mostly positive reviews for the One series. 

The move by Beats gives the company better control over its own future, and that may be good, because Beats doesn't seem to trust HTC any more. 

source: CNet

FEATURED VIDEO

3 Comments

1. HTCOE

Posts: 650; Member since: Nov 20, 2011

htc messed up when they stopped selling the headphones with their devices... now there devices just seem overpriced...ppl look at the price and ask the ppl at the store "do they come with the headphones" and simply get a "no, those are sold seperately but it's integrated with the softw...blah blah blah" nevermind i want that sgs3, iphone 5, etc

2. darktranquillity

Posts: 285; Member since: Feb 28, 2012

I dono what htc is trying to do these days. They come up with phones which don multi task and then call it flagship phones and price it steep. Then whats the difference between htc and apple?.

3. darktranquillity

Posts: 285; Member since: Feb 28, 2012

I dono what htc is trying to do these days. They come up with phones which don multi task and then call it flagship phones and price it steep. Then whats the difference between htc and apple?.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.