Hit the break for the terms of the deal.
With the tough financial position HTC finds itself in these days, CEO Cher Wang is being pressed into some tough decisions about how to keep the company afloat. Earlier this month the company announced it was cutting about 15% of its workforce and would scale back its model lineup. Those changes mean HTC may not need quite as much factory capacity, a fact that Wang is using as an opportunity. According to new reports, HTC is in the process of selling a facility located in Shanghai to one of its Chinese competitors.
Terms of the deal are not known, but the facility was built in 2009 at a cost of $32.2 million. The facility is 146,667 square meters in size (approximately 1.5 million square feet) and houses two production lines. Depending on how the deal goes, we may not know how much cash the sale will infuse HTC with until their next quarterly financial report is released.
HTC’s next flagship could be called the O2 and running the Snapdragon 820 chipset, a new leak says. This comes after CEO Cher Wang in early June told stockholders it would be producing a new “Hero” smartphone.
If you’re a Cricket Wireless customer, you’ll soon have two more options when it comes to picking out your next phone. The carrier is now officially offering LG’s G Stylo and HTC’s Desire 626s on their cheap prepaid service plans. Read more
It was only last month that HTC launched the up scaled variant of its flagship smartphone in Europe and now it’s being removed from the shelves of retail stores in the Netherlands as a result of its 4G LTE connectivity issues.
Earlier today, an unannounced HTC-branded smartphone carrying the model number 0PM9310 passed through the United States of America’s official certification authority — the FCC. Information included in the brief filing documentation reveals that we’re looking a mid-range handset with a removable backplate that’s heading to Verizon.
In a bid to revive its losing market share, HTC has announced to cut jobs and discontinue models as part of its cost reduction strategy. The Taiwanese smartphone company wants to focus on making high-end devices instead, something – it believes – will help it compete against Apple and Samsung.