- HTC, which once sold one in 10 smartphones globally, has seen its market share dwindle sharply in the face of heated competition from Apple, Samsung and Chinese rivals.
Its share price has also suffered steep declines over the past couple of years. The stock has fallen 12% so far this year and the company is worth around $1.9bn.
I read a really interesting article the other week, I'll see if I can find it, about how smart phones are actually a product that causes many manufacturers to lose money because they're expensive to make. People seem to be balking at the prices of the new Samsung and Apple phones where there is a good chance that the manufacturers are starting to finally ask for fair prices. That said, a co-worker and I made fun of Apple's latest phone announcements and we've pretty much come to the conclusion that the main smart phone features have ossified at this point and there's not a lot of innovation left to be had at the moment. So now manufacturers and developers are just slapping on random stuff that's not really all that useful just to try and get people's attention.