The financial struggle is real for everybody. The competition is getting harder. The dynamic and blazing fast moving market makes the situation not easy for everybody. HTC, the Taiwanese manufacturer is battling hard to stay profitable. The recent Q2 financial result foretold a whooping loss of $257 Million to $291 Million that the OEM is facing and naturally, the damage control was imminent.
It appears that HTC is going to sell off its Shanghai-based factory as an attempt to cut some of the losses. The negotiations are already under way with a mystery buyer, believed as a local Chinese manufacturer.
However, the sale is simply part of a strategic plan for reducing costs that HTC is carrying out in order to stay relevant on the dynamic mobile market. It is not something new. Other OEM are often taking similar measures as well. HTC’s business restructuring will also include major lay-offs which some reports suggest will represent as much as 15% of the company’s current staff. The factory in question is 147 square meter complex, it is one of HTC’s many manufacturing facilities scattered across China and Taiwan, so the deal shouldn’t really affect availability or distribution of devices.
The company’s latest flagship – the One M9 hasn’t really been doing well in sales. Again, it is a rough and tough time for HTC but hopes are still high. Some sources claim that HTC has a new flagship – the HTC O2 powered by new chip Snapdragon 820.
The bright future is still there. Let’s fight until the last blood dropped.