HTC reportedly reducing costs by doing away with Shanghai factory

Even though HTC is one of the pioneers of the smartphone ecosystem we know today, the company has been struggling to remain popular. Devices like the HTC One M9 were easily overshadowed by the Galaxy S6 and iPhone 6, up to the point where we heard of the company’s plans to reduce 15% of its work force. Today we learn of additional initiatives in that regard.

HTC is apparently selling off its Shanghai factory to an undisclosed Chinese company. The sale value is not reported, but we do know that HTC built this factory in 2009 for $32.2 million. Back in 2010, this facility made a lot of sense as the company was in one of its best years in sales. We’re not sure if HTC’s plans are to sell the factory and still use the services of an ODM that might acquire it, but it would make a lot of sense given the current trend followed by companies like Apple and others.

We hear that HTC is planning something major for 2016 with the probable HTC O2. Let’s hope that all this situation is jut temporary.

Source: GSMDome
Via: Phone Arena

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Jaime Rivera
Jaime has been a fan of technology since he got his first computer when he was 12, and has followed the evolution of mobile technology from the PDA to everything we see today. As our Multimedia Manger, he’s been in-charge of growing our YouTube hobby into one of the biggest video channels in the industry. When he’s not building one of our videos, or filming our Pocketnow Daily, he can be found in his second biggest passion, which is running and fitness. Read more about Jaime Rivera!