HTC stock value drops by almost 50% since the launch of the One M9

HTC One M9

It’s no secret in the mobile industry that the HTC One M9 has failed to impress the customers. And it’s quite evident from the company’s latest stock prices which have now taken a dramatic hit and reached NT$83.60 ($2.70) per share, which is the lowest in 10 years for the company. The last time these figures were seen was back in 2005, which has signaled off alarms at the HTC headquarters.

The CEO and the CTO will have some tough questions to answer at the next stockholder meeting after promising to turn things around at a recent investors meet. What’s surprising is that the stock prices have taken a hit since the unveiling of the One M9 smartphone. It is said that the value has shrunk by 47% since the handset was launched, which is concerning news for the Taiwanese manufacturer.

The company has promised to launch new smartphones in the second half of the year, but we’re afraid it might be too late by then. The company’s lack of innovation and the issues with the Snapdragon 810 SoC were blamed for the poor showing of the One M9. One can only hope that the company has a magical product up its sleeve which will turn things around miraculously.

Source: Bloomberg

Via: GSM Arena