HTC's top financial executive says the company won't need to raise money in 2015 and beyond
posted by Alan F. / Oct 09, 2014, 12:13 AM
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."
Posts: 381; Member since: Nov 07, 2013
why no HTC ONE Max 2?
posted on Oct 09, 2014, 12:21 AM 1
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?
posted on Oct 09, 2014, 12:42 AM 2
Posts: 1276; Member since: Mar 22, 2014
What's next, Super-Ultra pixels with 6 MP resolution?
posted on Oct 09, 2014, 2:36 AM 0
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..
posted on Oct 09, 2014, 7:47 AM 1
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