HTC news update: For the past couple of years, HTC has had one of the longest slumps in the industy - from the top of the Androd food chain to the bottom where it rivals with similarly struggling companies. 

However, it looks like the fortune of the Taiwanese manufacturer will soon change, and the answer - the newly announced Desire 816. 

According to a report by GSM Arena, after the handset launched as a midrange flagship in China, the phone already got more than 450 thousand pre-orders in its first three days. 

With that rate, the Android-powered device is expected to get more than a million pre-orders in the next few weeks. 

As a result, HTC's shares in the market have gone up by 3.91 percent. Deutsche Bank increased the shares of the company from NT$85 to NT$155.

The Desire 816 is certainly a great-looking midrange handset for the power user and casual gamer. The device boasts a 5.5-inch screen, quad-core CPU running at 1.6GHz, 1.5GB of RAM, 8GB of internal memory, and a 13MP camera. 

HTC may be poised for a good year in 2014, but that may become 'great' if it manages to pull off another upset against the Samsung Galaxy S5 with the All New One.