Chart: HTC lost 90% of its market value in two 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.
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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.
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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.
This article was originally published on BGR.com
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