HTC to quit smartphone business?

A few interesting events have been unfolding around HTC lately. A publication by none other but Reuters has claimed that HTC will soon quit the smartphone business by first cutting down on production and later selling some of its property to other companies. A day later HTC representatives denied this information by saying that the company does not intend to sell assets or cut down on production. Reuters’ answer has been so far to keep on publishing similar articles.

HTC has confirmed some of the information, however, by saying that production optimization is an ongoing process, no matter what this means. The company has also admitted that it may outsource smartphone production to other companies and stick to just designing them. Still HTC wants to grab 15 per cent of the worldwide smartphone market in 2014. The company plans to achieve this by releasing a bunch of other smartphones.

HTC has become a struggling smartphone maker lately being hard pressed by Apple and Samsung. This market pressure has caused the company’s first quarterly loss ever this month.


Source: Reuters

Related posts

Sony announces Cyber-shot DSC-HX50V digital camera

The Japanese tech company Sony has revealed its latest digital camera – the Cyber-shot DSC-HX50V. The device comes with a 20.4 MP Exmor R CMOS sensor and the powerful BIONZ image processor that allows you to get instant 2D/3D pictures as well as shoot Full HD 1080/60p videos at up to 60...

Sony PSP Go official for $249

Expanding the PSP universe, PSPgo is the smallest, lightest PSP yet, weighing in at just 160g.Which means it's now even easier for you to play great games, listen to your favourite music, watch videos, view photos, surf the Internet and chat with friends on the move. Plus, with Bluetooth 2.0...

LG presents first flexible OLED display

LG presents first flexible OLED display

The Korean tech company LG has conquered another tech milestone in the world – the company has become the first in the world to present flexible OLED displays for smartphones. The world’s first flexible display measures 6 inches but its working resolution is unknown. It weighs just 7.2 grams...

Leave a comment