The Korean giant’s $40 bln cash pile is almost as big relative to its market cap as that of its U.S. arch-rival. The hoard allows Samsung to keep investing when others can’t. But with almost two years of capex in reserve, it can afford to mimic Apple and give more to investors.
The Taiwanese handset maker is losing market share to flashier rivals like Apple and Xiaomi. The shares are down 90 percent in two years. It posted a quarterly loss and may sell some factories to save cash. An outright takeover might seem logical, but while HTC’s products are attractive, the valuation is not.