HTC face final fall as company’s value crash into 8-year low
HTC might be making it’s very last phones as the Taiwanese company is facing hard times that can see it being blown into the darkness forever.
The company’s market value fell at it’s lowest price since eight years, taking a free fall of 90% loss to $3.8 billion after being valued at $37 billion just two years ago.
“Dennis Chan, an analyst at Yuanta Securities in Taipei says that while HTC’s market value is still too high for a merger or acquisition, he doesn’t expect the company to be able to turn it around, and thinks that eventually HTC’s value will drop enough to attract a buyer.”
Canadian smartphone maker BlackBerry, have agreed to a $4.7 billion buyout acquisition by Fairfax group while former phone producing champion, Nokia, succumbed to Microsoft’s $7.40 billion takeover.