HTC

HTC's top financial executive says the company won't need to raise money in 2015 and beyond

HTC's top financial executive says the company won't need to raise money in 2015 and beyond
HTC's CFO, Chialin Chang, said on Wednesday that the company does not foresee having to to dip into the capital markets to raise money in 2015 and beyond. On Wednesday, the company unveiled a new camera called the HTC Re. It also unveiled the HTC Desire EYE, a new smartphone that features a 13MP front-facing "selfie" camera. During this so-called "Double Exposure" event, Chang stood on the sidelines, and discussed the company's financial needs.

In July,  HTC reported an operating profit for its second quarter, thanks to the HTC One (M8). That was the company's first operating profit after three straight quarters of losses. In the third quarter, the manufacturer reported higher year-over-year profits, but these profits were the result of belt-tightening rather than strong sales.

Still, with $1.7 billion in cash and no debt, HTC is not in a bad place at all from a financial standpoint, and has the ability to self-fund any projects according to its CFO. The company continues to have problems advertising its products. The HTC One (M8), with its fabulous design and build, was the subject of an odd advertising campaign that featured actor Gary Oldman imploring the television audience to "ask the internet" about HTC's flagship phone.


Earlier this week, TCL chairman Li Dongsheng posted on his Weibo page, praise for HTC co-founder and Chairwoman Cher Wang. At the same time, he hinted about the possibility of both firms teaming up to fight Samsung and Apple. Chang responded to this yesterday by saying that the company is not interested in being acquired and that HTC can "best deliver shareholder value on our own, independently."

HTC also admitted this week that a wearable device it had planned to launch this year had been pushed back to 2015. While connected devices might be an area HTC would explore for diversification, Chang said that phones were still HTC's "bread and butter."


source: Reuters

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11 Comments

1. LiyanaBG

Posts: 381; Member since: Nov 07, 2013

why no HTC ONE Max 2?

2. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

Just like the Sony Xperia Z3x, I think Sony and HTC both need to improve the phones more before releasing it to the public. Maybe Sony forgot to include a stylus on the Xperia Z3x or maybe HTC forgot to get rid of the Ultrapixel camera? Who knows? But we consumers hope that's the reason why they're pushing back. We consumers hope for a perfect device from these perfect manufacturers right?

4. Muayyad

Posts: 240; Member since: Oct 05, 2012

I still want an improved UltraPixel camera. I like the way it works and I hate how terrible higher pixel cameras in low light because I don't want to use flash which ruins the picture.

5. tiara6918

Posts: 2263; Member since: Apr 26, 2012

maybe it'll be launched by december

3. Aploine

Posts: 444; Member since: Oct 24, 2013

Congrats HTC well done

6. GreekGeek

Posts: 1276; Member since: Mar 22, 2014

What's next, Super-Ultra pixels with 6 MP resolution?

7. spin9

Posts: 310; Member since: May 31, 2014

2x13mp you want more file?

8. pulkit1

Posts: 354; Member since: Jul 03, 2014

13mpx + depth sensor .

9. FerneyZan

Posts: 113; Member since: Jul 21, 2010

HTC has great potential and in fact, when we switch carriers soon. We are all planning to drop the Samsung brand and go with Motorola, HTC and LG instead. If HTC stops making their dumb mistakes when it comes to their poor advertising, they will quickly get back on track. IMO, they should fire who is in charge of their marketing department and bring someone who has a clue to take on that job..

10. iushnt

Posts: 3067; Member since: Feb 06, 2013

Who are all planning to drop Samsung?

11. FerneyZan

Posts: 113; Member since: Jul 21, 2010

My self and everyone in my account is one group..

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