29 Feb '12, 6am

HTC shares soar after upbeat reviews of its latest models, the One Series

TAIPEI (Reuters) - Share of HTC Corp jumped on Wednesday after it launched its One series of models, taking the fight to Samsung Electronics and Apple Inc with fast graphic chips and advanced music and photography functions. The new models of the world's No. 5 smartphone maker - the company's bet to boost sales this year after their swift fall as previous models failed to keep up with those from major rivals - have received positive reviews from analysts and tech magazines. "Sales of HTC this quarter will be very good because of the new models," said Michael On, a managing director at Beyond Asset Management. He expected shares of HTC would climb further as their valuation remains inexpensive, even though the anticipated debut of the new models had been priced in before the launch. By 0217 GMT, HTC hit limit-up at T$672, the highest since mid-November. Its shares have clim...

Full article: http://sg.finance.yahoo.com/news/HTC-shares-soar-new-phon...

Tweets

New blog post: HTC One series

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