HTC face final fall as company’s value crash into 8-year low

HTC face final fall as company's value crash into 8-year low

HTC face final fall as company's value crash into 8-year lowHTC 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.

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