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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  Samsung Electronics Co Ltd    A005930   KR7005930003

SAMSUNG ELECTRONICS CO LTD

(A005930)
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Taiwan's HTC hires ex-Orange executive Maitre as CEO

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09/17/2019 | 08:37am EDT
Customers look at HTC smartphones in a mobile phone shop in Taipei

SHANGHAI (Reuters) - HTC Corp has hired Yves Maitre as its new CEO, the smartphone maker said on Tuesday as it announced the replacement of Cher Wang by the former Orange executive.

Maitre will be tasked with reviving HTC, which has struggled as rivals such as Samsung and Huawei have come to dominate the Android smartphone sector.

While smartphones remain "part of the DNA" of HTC, Maitre told Reuters, he hopes to expand into education or business-to-business verticals as 5G connectivity expands.

"VR training and VR education are just getting started," said Maitre. "We are clearly, clearly the number one in VR education and training. This market is growing."

While HTC's Vive headset, which ranks among the top-selling brands alongside devices from Sony and Facebook Oculus, has shown promise in the fledgling virtual reality (VR) sector, it remains a niche device.

The company's smartphones, which were industry trailblazers when first introduced in 2008, have for years maintained a global market share of 1% or below.

"Our goal at HTC is to be at the center of 5G," said Maitre.

"If we need the smartphone to win the battle, we'll keep the smartphone. If we don't need the smartphone to win the battle, we'll see."

In January, the company began shipping the Exodus 1, a handset that comes with a number of blockchain-centric features such as a built-in cryptocurrency wallet.

HTC said in a statement that Wang will retain her role as chairwoman of its board after resigning as CEO.

Last year HTC laid off 1,500 employees, roughly one quarter of its workforce. Earlier, about 2,000 HTC employees moved to Google as part of a $1.1 billion acquisition deal.

The company's annual revenue in 2018 hit NT$23.7 billion, a 62% drop from a year earlier.

(Reporting by Josh Horwitz; editing by Darren Schuettler and Alexander Smith)

Stocks mentioned in the article
ChangeLast1st jan.
FACEBOOK 3.20% 189.54 Delayed Quote.39.81%
HTC CORP End-of-day quote.
SAMSUNG ELECTRONICS CO LTD End-of-day quote.
SONY CORPORATION 1.53% 6230 End-of-day quote.21.02%
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Financials (KRW)
Sales 2019 232 085 B
EBIT 2019 27 496 B
Net income 2019 21 363 B
Finance 2019 85 952 B
Yield 2019 2,83%
P/E ratio 2019 15,5x
P/E ratio 2020 12,0x
EV / Sales2019 1 432x
EV / Sales2020 1 337x
Capitalization 332 495 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 36
Average target price 56 409,51  KRW
Last Close Price 50 100,00  KRW
Spread / Highest target 29,7%
Spread / Average Target 12,6%
Spread / Lowest Target -14,2%
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Hyun-Suk Kim Co-President, Co-CEO & Director
Dongjin Koh Co-President, Co-CEO & Director
Kinam Kim President, Co-CEO & Director
Tae Moon Roh Co-President & Head-Research & Development
Sang-Hoon Lee Chairman
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