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HTC expects to cut 15 percent of workforce in streamlining effort

Even though the Taiwanese company plans to reduce operating expenditure by 35 percent in the near future, its product portfolio will actually be diversified “beyond smartphones.” Lenovo’s steep drop in net revenue and resulting layoffs may have caught you off guard, considering the Chinese outfit’s booming domination over the PC

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HTC’s brand, factories and buildings are now worthless to investors

The Taiwanese smartphone manufacturer’s cash reserves exceed its market capitalization, accentuating a financial crisis that seems inescapable for a former profit machine and industry dominator.   Forget climbing back the Android OEM ranks, HTC’s very survival could be at stake if recent share price plunges aren’t overturned. According to Bloomberg’s

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