HTC is due to report fourth quarter earnings on Monday, wrapping up what has been a disappointing year to say the least. The company’s global market share dropped half a percentage point to 2.2%, and its current stock price is down 80 percent from a record high in 2010. Meanwhile, nearly all of its competitors have gained shares.
Things are pretty dire for the Taiwanese phone maker, but it’s not as bad as some analysts would have you think. The main argument that backs this claim is that the worst is probably over for HTC, which reportedly intendeds to put on quite a show at CES next week.
According to the latest tech gossip, the company will unveil a new handset with a with a 4.7-inch monitor, 1.7GHz CPU and 2GB of RAM at the consumer tech event. The phone is mysteriously codenamed M7.
HTC is boasting more than just upcoming product launches and promised plans for recovery. The company outsold Apple in China last quarter, after having settled all patent disputes with the rivaling electronics maker. Last month we reported the 10-year licensing agreement that ended the two firms’ legal battle, at least for the time being.
HTC may be lagging behind in sales, but it seems that its legal department has managed to outwit at least one key competitor. Samsung is still duking it out with Apple in court rooms all over the world, most recently in South Korea where the former company is pushing to ban sales of the iPad Mini.
Apple has not been fairing so well in court lately. Just this week it officially lost claims to the phrase “app store”, which was deemed too generic by a district court.
Latest posts by Maria Deutscher (see all)
- Intel unveils new SSDs for data centers, connected devices and PCs - August 26, 2016
- Report: SAP is buying Hadoop-as-a-service startup Altiscale for over $125M - August 26, 2016
- IBM follows Amazon and Microsoft to South Korea - August 25, 2016