14 DAY TRIAL // Every time a major company is in deep financial trouble, the competition is always there to pick up the pieces. It happened with Nokia and Motorola, but it might also happen with BlackBerry and HTC.
BlackBerry's mobile devices business is not doing well, but the company's CEO John Chen might still have one or two aces up his sleeve.
Rumor has it that the Canadian company will launch an Android device this fall, which might put its financial results back in the black.
HTC shares plunged 20% early this week after the company forecast major losses for the June quarter. The Taiwanese company's flagship smartphone HTC One M9 had terrible sales since its release, which led to speculation that the handset maker might be acquired.
Reuters has it from good sources that Taiwanese Asustek Computer might be interested in HTC's smartphone business.
The company's chairman Johnny Shih spoke about the possibility of acquiring HTC during Asus' annual general meeting.
“Our chairman has chatted about the topic internally. Still, the chances of an actual takeover are not big as Asustek is a company that has depended on organic growth,” said Chief Financial Officer David Chang.
As expected, HTC offered a statement but said that it would not comment on rumors and allegations, and it would continue to sell its smartphones in all markets.
Other companies might be interested in the deal
So, it appears that there's little chance that the Taiwanese companies will ink a deal in the near future since Asus doesn't believe in the takeover yet.
These rumors will probably continue to emerge in the coming weeks, but Asus' name might be replaced by other major company in the smartphone business.
The only way for HTC to make it on its own is through its next flagship smartphone, which, according to the company's CEO, will be completely redesigned. Stay tuned for more on this one.