HTC continues to sink, according to recent Bloomberg reports

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Wow. The amount of bad news keeps piling up for HTC, and I honestly can't remember the last time I heard something negative about any of the other major smartphone manufacturers. Either HTC's PR department is that bad, the other manufacturers' PR departments are that good, or HTC is really that bad of a company.

Anyway, here's a handy little chart for you to check out. As you can see, HTC has followed Blackberry's path to doom. Here are some stats from Bloomberg:

-HTC is currently valued at $3.8 billion, down from $37 billion at the peak. Its stocks are at an 8-year low as of Sept. 9.
-HTC forecasts its eighth straight quarterly drop in sales
-HTC trades at 1.4 times net assets, almost triple the 0.5 level of Blackberry
-HTC is ranked 1.6 out of a possible 5, the lowest of more than 500 listed tech companies

Dennis Chan, an analyst at Yuanta Securities in Taipei says that the price-to-book ratio of HTC is still too high for a merger or acquisition. He also noted that a comeback was nowhere in sight.

It looks like Iron Man isn't saving anyone but himself on this sinking ship…

Source: Bloomberg

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2 comments
  1. This clearly shows that the Samsung Galaxy S5 needs to be have a metal body. People clearly don’t like [the superior] plastic material.

  2. Its sad. HTC makes the Droid DNA and I wanted one ever since it first came out. Got one now and it is as close to the PERFECT phone I have had. I started out with BlackBerry curve, then Moto Droid then Droid 2 R2D2 then Droid Bionic and HTC Thunderbolt. Now HTC Droid DNA. Everything about this phone is near perfection. Reasonable battery life, enough built in memory for me, a superb screen, pretty much everything I ever wanted in a smartphone. Its sad because I’ve been on on a quest and now its ended. Too bad more people have Bern suckered in by Samsung and Apple. To me their phones are junk! I have about 5 months left on my Verizon contract and really there is no better phone right now than the DNA!

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