Friday , October 20 2017

Asus still looking at the possibility of purchasing HTC

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HTC hasn’t had the most spectacular results in recent years, but they’ve managed to stay afloat due to some well received devices in their high and low-end range, as well as moving into peripherals and Virtual Reality and finally changing CEO. But despite this, the company isn’t out of the financial woods just yet and it appears that Asus is still looking at purchasing the company.

The statement on Asus’ interest in HTC came from Chief Financial Officer David Chang who told Reuters, that Chairman Johnny Shih of Asustek made the comment at their annual general meeting in response to questions raised. But this isn’t the first mention of the potential purchase, at least internally, with Mr Chang advising that the subject of purchasing HTC had been brought up previously.

The actual prospect of Asustek purchasing HTC outright is not in the realm of impossibility, however Mr Chang went on further to say

Still, the chances of an actual takeover are not big as Asustek is a company that has depended on organic growth.

Earlier this week HTC revised their Q2 revenue report, advising that they would be as much as $NT13 billion (New Taiwan Dollars) below their previous forecast. Share wise, HTC is fairly ripe for the picking with shares dropping from $NT149 in March with the launch of the One M9 to around $NT76 currently.

HTC has good prospects with their RE line, and their One M9, is without doubt a very good smartphone. HTC also has a very steady line of well received lower-end Desire handsets – new CEO Cher Wang also has not had time to make a huge impact on the company in her new role – but business waits for no-one, so we’ll have to wait and see.

 
Source: Reuters.

Daniel Tyson   Editor

Dan is a die-hard Android fan. Some might even call him a lunatic. He's been an Android user since Android was a thing, and if there's a phone that's run Android, chances are he owns it (his Nexus collection is second-to-none) or has used it.

Dan's dedication to Ausdroid is without question, and he has represented us at some of the biggest international events in our industry including Google I/O, Mobile World Congress, CES and IFA.

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