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Financial firm lowers HTC target price after weak sales

TAIPEI, Taiwan -- With worse-than-expected sales of HTC's flagship One M8, financial firm Canaccord Genuity has lowered the smartphone maker's target price from NT$145 to NT$130.

The HTC One M8 is experiencing fading sales due to intense competition in the market, according to Michael Walkley of Canaccord Genuity. With Samsung Galaxy, iPhone 6 and a number of offerings from Chinese manufacturers expected to be rolled out in the upcoming fall, Walkley believes that things will get worse for HTC, according to a report on cnet.com.

According to the UK's best-selling gadget magazine Stuff, LG Electronics' latest G3 model has overtaken the HTC One M8 as the best Android phone. While the M8 excels in design, the G3 has a superior 5.5-inch screen with 2K resolution, along with an ultrathin shell, excellent camera, portable battery, microSD slots and a friendly user interface.

According to comScore, Inc.'s latest statistics, around 169 million people in the U.S. owned a smartphone between March and May. Compared with February, the proportion grew by 4 percentage points.

Based on comScore, Inc.'s statistics, Apple's market share grew from 41.3 percent in February to 41.9 percent. Samsung's market share also grew from 27 percent to 27.8 percent.

LG's market share declined from 6.8 to 6.5 percent. Motorola's share stayed at 6.3 percent. HTC's share dipped from 5.4 to 5.1 percent.

Samsung is expected to roll out its Galaxy Note 4 at a pre-IFA 2014 Samsung Unpacked event in Berlin on Sept. 3. The phone boasts a 5.7-inch screen with 4K resolution, with pricing expected to be similar to the Galaxy S5. Analysts forecast the new phone's screen may reach between 5.9 and 6 inches.

HTC Chairwoman's Investment in China

According to a Chinese news source, HTC Chairwoman Cher Wang (王雪紅) recently made a 10-million-yuan investment into a foreign language learning center, which will specialize in developing a mobile platform for language study.

The language center has developed more than 30 learning models, with more than 10 million registered users. There are 200,000 active members on a daily basis. The company's research team has about 40 people, but the number is expected to grow to 100 within a short time.

The language center has also partnered with publishers, universities and the Voice of America radio station.

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