HTC Corp (宏達電) yesterday said that it will not sell its new 8S smartphone running Microsoft Corp’s Windows Phone 8 operating system in the US in the near term in a bid to focus on high-end sales.
“The Windows Phone 8X by HTC is our signature Windows Phone available at AT&T, T-Mobile and Verizon Wireless in the US,” HTC said in a statement.
“Our focus is on the Windows Phone 8X, so the Windows Phone 8S is not currently planned for distribution in the US market,” the Taoyuan-based firm said.
The statement came after HTC neglected to offer further details on pricing and availability of the 8S phone in the US since its launch more than two months ago.
The company unveiled two Windows Phone 8 smartphones on Sept. 19 in New York. The HTC 8X and the HTC 8S feature Beats Audio technology and improved camera capabilities.
The 4.3-inch HTC 8X is equipped with a 1.5 Gigahertz (GHz) dual-core processor and an 8-megapixel camera and supports 4G LTE super-fast wireless connectivity in selected countries.
The 4-inch HTC 8S, with a 1GHz dual-core processor, targets the mid to low-end market, HTC said.
Fubon Securities Co (富邦證券) forecast Windows-powered smartphones will account for 11.9 percent of HTC’s total shipments this year, much lower than the 87 percent estimated for HTC products running Google Inc’s Android system.
HTC shares closed up 0.19 percent at NT$266.5 yesterday. Fubon raised its target price on the stock to NT$310 from NT$270.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
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