Rihanna gives away a personalised HTC phone on stage
How badly is smartphone maker HTC doing?
By many measures, very badly. October sales are down 13 per cent year on year. Revenue next quarter could be as low as NT$40bn, a third less than the same quarter last year and lower than analysts’ expectations. And after reporting its first ever quarterly operating loss as a company in the third quarter, it shows no sign of returning to profit in the fourth.
But one measure in particular, released today with its full third quarter results, shows the Taiwanese company’s travails — its accounts payable. That measures how long it is taking the company to pay its bills to its suppliers, who make the parts of its phones. Read more >>
Taiwan smartphone maker HTC will sell back its remaining stake in headphone and audio tech company Beats Electronics as the Taiwanese group tries to turn around its shrinking core phone business. Read more >>
According to media reports this week, HTC is developing an operating system for Chinese mobile phone users. The company has now issued a statement – but it makes for a pretty unconvincing denial.
HTC says it is in conversations with the Chinese government and telephone operators. But the troubled Taiwanese company did so, i) without denying the OS exists, and ii) in a way that suggests it isn’t in charge of its own destiny. Read more >>
Smartphone-maker HTC spent relatively little time at its launch event today bragging about the technical specs of its new flagship phone, the HTC One.
Instead, the Taiwanese company focused in on the phone’s redesigned user interface and new offerings — including a homescreen with live
content feeds, a camera app that automatically creates montages of a user’s pictures and video clips, and stereo speakers sounding halfway decent — that company designers say reflect how they see people using their phones to consume, create and share increasing quantities of content. Read more >>
When Apple filed suit against HTC for patent violations in 2010, it was the first time the California-based company had turned its legal arsenal on an Android phone-maker.
Two years, and many more lawsuits later, Apple and HTC’s decision to settle those disputes is likewise the first time that Apple has agreed a settlement with an Android-based rival. Read more >>
Peace has broken out in one corner of the multilateral patent war between smartphone makers, with Apple and HTC signing a global settlement and licensing agreement. Read more >>