HTC shares drop amid announcement of new CFO and Samsung Galaxy S III intro date

HTC shares drop amid announcement of new CFO and Samsung Galaxy S III intro date
HTC shares dropped over 6% on the Taiwan Stock Exchange after the company replaced its CFO, and on concerns that Samsung is about to introduce the sequel to its wildly popular Samsung Galaxy S II smartphone. HTC's new CFO is Chia-Lin Chan, a former partner with Goldman Sachs in Taiwan who also was an engineer for Motorola. Chan replaces Winston Yung who was given a new position in corporate development.

According to at least one analyst, changing a CFO is a bad sign for a company. Tom Tang, a VP at Masterlink Investment Advisory in Taipei said, "
When a company changes its CFO, it often indicates that the company's operations or financials have reached a bottleneck." HTC did not give any reason for the change in CFO, but the company has started to experience a slow down after a rapid rise. In the 14 months leading to April 211, the tech firm's shares tripled while sales quadrupled in 18 months. At one time one of the top contract manufacturers for smartphone firms, HTC stopped building phones for others and started concentrating on becoming a major name in handset manufacturing itself.

High-end HTC One X

High-end HTC One X

After rising to become the fifth largest smartphone maker in the world, HTC dropped its earnings forecast in November and with a 42% drop in value, its stock fared the worst last year among smartphone firms. Q1 profit dropped a stunning 70% to the equivalent of $152 million. To turn things around, the company has launched a new HTC One series of phones with the high-end HTC One X equipped with a quad-core Tegra 3 processor under the hood of its international version. The model being launched via AT&T in the U.S. will feature a Qualcomm Snapdragon S4 processor as will  the HTC One S. The latter is expected to launch on April 25th through T-Mobile.

Besides the CFO switch, Samsung's invitations for a Samsung Mobile Unboxed event on May 3rd is asking invitees to "Come and meet the next Galaxy". This appears to be the big news that everyone has been waiting for, the introduction of the Samsung Galaxy S III. This is the sequel to the phone that many consider the best Android handset ever made. The rumored specs for the new device  include a quad-core Exynos processor, a 4.65 inch display expected to be the first Super AMOLED panel ever to use the RGB striping system (instead of the pentile display), and perhaps as much as 2GB in RAM. This phone will be a major challenger to the HTC One series and is another reason for the decline in the stock. Over 40 million Samsung Galaxy smartphones have been sold since the OG model launched in June 2010. The Samsung Galaxy S II s a major reason why the Korean manufacturer is expecting a record $5 billion Q1 operating profit.

source: Reuters

Related phones

Galaxy S III
  • Display 4.8" 720 x 1280 pixels
  • Camera 8 MP / 1.9 MP front
  • Processor Samsung Exynos 4 Quad, Quad-core, 1400 MHz
  • Storage 32 GB + microSDXC
  • Battery 2100 mAh(11.60h 3G talk time)

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14 Comments

1. KingKurogiii

Posts: 5713; Member since: Oct 23, 2011

ehe, challenger? in my mind the Galaxy S III has already destroyed the One series. xD this is what i've been trying to tell you guys.

6. ScottSchneider

Posts: 336; Member since: Dec 06, 2011

This News actually Looks like a SGS3 News instead of a HTC One Series... :) Even in the Related Phones Area, only the SGS3 Picture is Posted instead of any one of the One Series Phone... The SGS3 does not only take the place away, but also the News... Its Touch Down for SGS3... ;-) and Game Over for Rest of the Phones... :P

2. lubba

Posts: 1313; Member since: Jan 17, 2011

There will be no surprises here. GSIII will be the Android of Androids. HTC will continue to fall. Problems; design and "Sense" interface.

3. KingKurogiii

Posts: 5713; Member since: Oct 23, 2011

the only factors against them i think are Sense and underwhelming power. o:

4. bobfreking55

Posts: 866; Member since: Jul 15, 2011

yeah, HTC actually, for me, is second to Samsung, then follows LG, Motorola and Sony. i'm gonna be honest with all of you guys, i'm an android fanboy myself, but realistically, let's just wait and not bash on "The sgs 3 will destroy this and that." i remember when the iSheep were saying the iPhone 5 will kill the SGS 2, and it didn't by that much. they ate their words.

8. Cyan3boN

Posts: 446; Member since: Feb 23, 2012

sense is one of the best interface,the no of sense interface and widget mockups in the android market and third party sense roms is enough to reinforce my claim. well if u are a samsung galaxy owner u shouldnt even talk about interface here.

11. ph00ny

Posts: 1986; Member since: May 26, 2011

Why not? Wasn't TW the only one with any type of hardware acceleration in GB while Sense lagged itself to poor sales?

13. EclipseGSX

Posts: 1770; Member since: Oct 18, 2011

sadly i prefer the lag over that ugly TW crap

14. KingKurogiii

Posts: 5713; Member since: Oct 23, 2011

i have the leaked 4.0.3 OTA for the Droid Razr and it's pretty much stock ICS.

5. andro.

Posts: 1999; Member since: Sep 16, 2011

The galaxy s3 will certainly take the focus of HTC's phones but at the moment the one x and one s has been selling very well,e specially the one x with the bundled beatsheadphones,we can't keep enough of them in stock. The s3 will become king when it arrives though

7. Cyan3boN

Posts: 446; Member since: Feb 23, 2012

what if sammys next flagship is one of the leaked fugly samsung handets. doooooom sammy, bring it on says HTC.

9. Non_Sequitur

Posts: 1111; Member since: Mar 16, 2012

I hope to God that they at least allow a full ICS favorites dock and the ability to print from any printer. Then I would buy it.

10. rg987

Posts: 130; Member since: Dec 29, 2011

SAMSUNG KNOWS THAT their nxt flagship is much highly anticipated.........so they wont be unveiling a phone that is ugly or not well specced...............they will be unveiling a superb phone that gonna replace the current ANDROID KING i.e. the SGS2

12. rockstarlive

Posts: 307; Member since: Oct 19, 2011

Buying Beats Audio has something to do with the drop too..

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