HTC market value dropped by 90% in 2 years

They say that deaths come in threes, but we’re not sure they were referring to smartphone makers. Either way, it seems that HTC might be following in the footsteps of BlackBerry and Nokia as the Taiwan-based company continues to lose value at an alarming rate. Bloomberg reports that “the smartphone maker lost 90 percent of its market value since 2011,” but is still too expensive to be considered for a buyout or merger. HTC also has a consensus rating of 1.6 out of 5 from analysts in the industry, which is significantly lower than both BlackBerry and Nokia.

Last month we reported on the likely net loss that HTC would be facing this quarter, following what Bloomberg says is “an eighth straight drop in quarterly sales.” Of 30 analysts that Bloomberg is tracking, 24 are recommending selling HTC shares, five say hold and only one has a buy rating on the company’s stock.

Between revenue declines, employee scandals and the current 2.8% market share of HTC smartphones, the company’s future does not look bright at the moment.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s