HTC Shares Go Up Amid Strong Desire 816 Pre-ordersBy cheatmaster 06:59 Mon, 19 Jul 2021 Comments
The newly-announced HTC Desire 816 has went on pre-order in China and it appears interest is pretty high. So high, in fact that it sent HTC's shares have up by 3.91%.
The device saw around 450 thousand orders in the first three days of the campaign alone and that figure is expected to rise to half a million shortly. Marketed as a mid-range flagship, the phablet has obviously been exactly what the doctor prescribed to the ailing company.
As of 11:17 AM today HTC's shares have gone up to NT$146 ($4.82). Deutsche Bank increased the taracquire price of HTC's shares from NT$85 to NT$155. The bank is the fist foreign brokerage to revise its recommended taracquire price of HTC shares upwards.
HTC's aim for this quarter is to generate between NT$34 billion and NT$36 billion, down from Q4 of 2013's NT$42.9 billion. However, the drop was mostly in January and February when HTC revenues amounted to around NT$16.9 billion and things should improve drastically in March, hopefully marking the start of a turnaround in the company's fortunes.
Another boost to HTC shares could be the announcement of the All New One smartphone on March 25.
Please LOGIN or REGISTER To Gain Full Access To This Article