HTC off-load remaining Beats shares

HTC off load remaining Beats sharesWell, we kinda knew it was on the cards, now it has indeed happened. HTC has sold the remaining shares in Beats Electronics. Bloomberg reports that the deal is expected to complete in the fourth quarter and will raise $265 million for the rather battered HTC.

HTC originally had the majority stake in Beats with a 51% share, but sold 25% back to Beats in July last year.

Many news outlets aren’t exactly reporting this in a good light. HTC have experienced a dip in profits, sales revenue and their operating cash-flow is now negative. The cash raised by this will effectively keep the company operating longer, but we’re sad to see a company producing such fantastic phones as the HTC One mini and HTC One in this situation.

Sony Smartwatch 2 - Review
Server donation drive - Win prizes!
  • Andy Fielder

    I feel kinda guilty having had HTC in many guises over the years, but my last upgrade was to a SGS2 as it was cheaper. Would’ve loved another HTC, but they’re priced against iPhones.

    How many others are in a similar position?

    • I’ve stuck with them till now – I have an 8X at the moment, but I fear that will be last for me too.
      Beats has kept me loyal, as has their continuation of Windows Phone (although I had Android HTC’s before the 8X), but with both of those potentially going, so will I. And at the moment, I’ll be going for an iPhone 5S – at least the headset controls on my Beats headphones will work! (why on earth they could sort that I don’t know!)
      The price is more of a timing thing I feel – they drop in price fairly quickly (my 8X is almost worthless now, despite only being a year old), so if you’re prepared to wait a little they become affordable.