Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  TAIWAN STOCK EXCHANGE  >  HTC Corp    2498   TW0002498003

HTC CORP

(2498)
  Report  
SummaryNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations
The feature you requested does not exist. However, we suggest the following feature:

HTC : Taiwan's HTC reports 1st annualized rise in sales in over 2 years

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/05/2019 | 11:59pm EST

HTC Corp., a Taiwan-based smartphone brand, which has entered the global virtual reality business, reported the first year-on-year increase in sales for September in more than two years.

In a statement, HTC said it posted NT$1.275 billion (US$41.13 million) in consolidated sales for September, up 1.53 percent from a year earlier.

The last time HTC reported a year-on-year revenue increase was June 2017, when the smartphone vendor generated NT$6.89 billion in sales, up 8.38 percent from a year earlier.

It was a positive lead for HTC, which has been seeing escalating competition in the global smartphone market not only in the high-end segment but also on the low price end.

Market analysts said HTC has benefited from its efforts to develop VR headsets in a bid to offset the impact from stiff competition in the smartphone market, while the launch of the company's new handset models also boosted its September sales.

HTC entered the VR market by unveiling the first VR headset, the HTC Vive, in 2015, followed by subsequent models.

The September sales increase was the first time HTC reported sales above the NT$1 billion level since June, when the figure stood at NT$1.46 billion.

On a month-on-month basis, HTC's consolidated sales soared 73.7 percent, marking the second consecutive month of an increase.

But strong competition in the global smartphone market still squeezed HTC's sales for the first nine months of this year, when its revenue fell 58.17 percent from a year earlier to NT$8.2 billion.

Looking ahead, HTC said since its latest VR headset model -- the Vive Cosmos -- went on global sale on Oct. 3, it expected the new gadget will serve as a driver to its sales growth in the near future, in particular in the upcoming year-end shopping season in the U.S. and European markets.

HTC introduced the PC-based Vive Cosmos in the Consumer Electronics Show (CES), one of the largest consumer electronics exhibitions in the world, in Las Vegas in January.

The new VR headset runs on a new platform called "Vive Reality System" and uses hand controllers, requiring no external sensors placed around the room.

HTC continued its efforts in smartphone development with a focus on the Blockhain technology, which was originally devised for transactions of the digital currency Bitcoin and has been seen as the backbone of a new type of internet in which information held on a Blockchain exists as a shared database.

To strengthen its capability in the Blockchain technology development, HTC has partnered with Bitcoin.com, and HTC's first Blockchain phone -- Exdous 1 -- has become the first phone to provide users Bitcoin Cash (BCH) support without first downloading a BCH wallet from an app store.

In September, HTC appointed Yves Maitre, a telecom business veteran, as chief executive officer to replace Cher Wang. Wang continued to serve as the chairperson of the company to keep focusing on future technologies and laying down strategies for corporate development, which is expected to help the company expand its product portfolio and its vision for Vive Reality.

In the second quarter of this year, HTC incurred a loss of NT$2.71 per share, marking the fifth straight quarter of a net loss, but its second quarter gross margin -- the difference between revenue and cost of goods sold -- rose 5.6 percentage points from a quarter earlier to 20.3 percent, the sixth consecutive quarter of a sequential rise.

© Pakistan Press International, source Asianet-Pakistan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HTC CORP
10/05HTC : Taiwan's HTC reports 1st annualized rise in sales in over 2 years
AQ
09/17Taiwan's HTC hires ex-Orange executive Maitre as CEO
RE
09/17HTC : Names Yves Maitre Chief Executive
DJ
09/17HTC : Appoints Yves Maitre as CEO To Embrace 5G, AI And XR Future
AQ
08/19HTC CORP : Ex-dividend day for final dividend
FA
08/06Sprint to launch Chinese-made OnePlus 5G smartphone in U.S.
RE
07/03Deutsche Telekom first to market in Germany with limited 5G rollout
RE
05/13HTC to Temporarily Close Stores on Two Chinese Online Marketplaces -BBC
DJ
04/10HTC : VR expo by NPM, HTC wins honorable mention at GLAMi Awards
AQ
02/27HTC : first blockchain phone to go on sale in Taiwan on March 1
AQ
More news
Financials (TWD)
Sales 2019 12 580 M
EBIT 2019 -9 070 M
Net income 2019 -7 791 M
Finance 2019 28 503 M
Yield 2019 1,07%
P/E ratio 2019 -3,73x
P/E ratio 2020 -4,43x
EV / Sales2019 0,04x
EV / Sales2020 0,22x
Capitalization 29 068 M
Income Statement Evolution
Consensus
 
Mean consensus SELL
Number of Analysts 1
Average target price 29,80  TWD
Last Close Price 35,50  TWD
Spread / Highest target -16,1%
Spread / Average Target -16,1%
Spread / Lowest Target -16,1%
EPS Revisions
Managers
NameTitle
Yves Maitre Chief Executive Officer
Hsiueh Hong Wang Chairman
Maggie Tseng Senior Director-Finance
Tao Pang Shen Chief Financial Officer
Wan Hsien Liu Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
HTC CORP954
APPLE INC.71.62%1 202 836
SAMSUNG ELECTRONICS CO LTD--.--%282 023
XIAOMI CORP--.--%28 456
WINGTECH TECHNOLOGY CO.,LTD385.09%15 162
FITBIT, INC.35.61%1 753