HTC Shares Drop: Company Names New CFO, Samsung Preps SGSIII

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HTC has appointed a new chief financial officer in the person of Chia-Lin Chang, without giving out any reasons for the change. However, Tom Tang, vice president at Masterlink Investment Advisory in Taipei, said that “when a company changes its CFO, it often indicates that the company’s operations or financials have reached a bottleneck”.

HTC is losing market share in favor of Apple’s iPhone and Samsung’s Galaxy line and the financial numbers seem to reflect just that, with considerable regress recorded. In the light of the new person acting as CEO — as well as the recent news regarding the Samsung Galaxy S III launch — HTC’s shares have dropped 6% today. At the end of the day, it will all come down to one question: will the HTC One series (especially the One X) be good enough to face the fierce competition from the upcoming Galaxy S III?

Source: Reuters

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Anton D. Nagy
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