Finally, some good news for HTC. The company's stock has gone up in value for the first time in over a year after it announced a new share buyback program, Bloomberg reports. The Taiwanese smartphone maker announced today that it plans to buy back 15 million shares—valued at $145 million—of the company between now and Oct. 4. The news quickly boosted HTC's stock price by seven percent before it hit the daily market limit.
The news comes shortly after HTC's stock fell to its lowest value in almost eight years after the company predicted dire earnings for its third fiscal quarter, which will end on Sept. 30. However, the buyback "shows the company's determination to stabilize the stock price and boosts investors' confidence," according to a new report from Yuanta Investment Consulting.
One other theory behind HTC's new buyback, however, is that the company's owners are preparing to put the struggling OEM on the market. According to Alice Sun, a respected Chinese analyst at EE Times, HTC chairwoman Cher Wang is ready to sell off the company. Sun sparked the rumor on Chinese social media site Sina Weibo before deleting the post "for some peace and quiet."
HTC was quick to deny the rumors, telling Engadget that it is "committed to innovation and will continue to deliver new designs and products" in an official statement.
The Galaxy S20 Ultra's Space Zoom camera is amazing and a bit creepy
The Galaxy S20 Ultra supports up to 100X zoom, which Samsung calls Space Zoom, but is it any good? Can a phone really product usable photos at 100x zoom? We've got our Galaxy S20 Ultra already so join us to find out!
Win an iPhone, iPad and Apple Watch with the Reader's Choice giveaway!
What's the best phone of 2019? Is it the iPhone 11 Pro, Pixel 4 or OnePlus 7T? What about the best laptop, games console, tablet and more? Vote NOW in the Reader's Choice awards and win BIG in time for the holidays!
Here are the best products from IFA 2019!
Here are the products announced at IFA 2019 that were worthy of our Best of IFA 2019 awards. Also featuring MrMobile's single best product at the show!
Solve all of your problems, add the perfect calculator to your life
With the right calculator, everything adds up! Whether you need a basic model or one with more advanced functions, there is a calculator that will meet your functional requirements.