HTC No. 5 in Japan
HTC Corp (宏達電) became the fifth-largest smartphone maker in Japan in the first quarter of the year, taking the position previously held by Samsung Electronics Co of South Korea, market researcher IDC’s Japan branch said on Wednesday. HTC took a 6.6 percent share of the Japanese smartphone market during the January-to-March period thanks to the popularity of its J Butterfly phone, IDC Japan said in a report. Apple Inc remained the top player for the sixth quarter in a row, accounting for 39.6 percent of the market, followed by Japanese firms Sharp Corp (14.6 percent), Sony Corp (13.3 percent) and Fujitsu Ltd (8.3 percent). Overall smartphone shipments in Japan during the quarter grew by 4 percent from a year ago to 6.81 million units, IDC Japan said.
Fubon stock hit by reports
Shares of Fubon Financial Holding Co (富邦金控) took a beating yesterday after media reported that the company will price its global depositary receipts (GDRs) at a deep discount. According to local media, Fubon Financial is expected to price its GDRs to represent a common share at NT$30, an approximately 25 percent discount on the stock’s five-day average closing price of NT$39.70. Although Fubon Financial released a statement dismissing the reports as mere speculation, selling in the stock continued and the share price fell 1.50 percent to NT$39.45, with 21.01 million shares changing hands.