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http://www.androidpit.com/htc-bailoutHTC’s recent blow was actually no fault of their own. As we reported yesterday, Onlive, a popular cloud based gaming company, recently announced that they were in the process of restructuring their company, and that many employees would have to be laid off due to the high infrastructure costs of running their gaming platform. The problem for HTC is that back in February of 2011, HTC made a 40 million dollar investment in Onlive, with hopes that it would bring more online games to their phones. I personally thought that Onlive was a pretty awesome concept, and can understand why they made that investment.
HTC’s market share has dropped so dramatically in the past year or 2 (27% since Q2 of one year ago) that I can’t imagine at this point how they can get back in the game. The company is literally crumbling, and I really wonder how things got so bad for the company that delivered so many great devices.
When I say bad, I mean really really bad folks. Recently, the Taiwan Central Bank proposed a bailout in an effort to save the company, and when banks have to get involved with big corporations, it’s generally not a good sign. HTC is still a profitable company, but with such relentless competition from Samsung and Apple, their numbers are dropping fast enough that banks are beginning to get very nervous. This could quite literally be the beginning of the end.
HTC’s market share has dropped so dramatically in the past year or 2 (27% since Q2 of one year ago) that I can’t imagine at this point how they can get back in the game. The company is literally crumbling, and I really wonder how things got so bad for the company that delivered so many great devices.
When I say bad, I mean really really bad folks. Recently, the Taiwan Central Bank proposed a bailout in an effort to save the company, and when banks have to get involved with big corporations, it’s generally not a good sign. HTC is still a profitable company, but with such relentless competition from Samsung and Apple, their numbers are dropping fast enough that banks are beginning to get very nervous. This could quite literally be the beginning of the end.
