ASUS reportedly looking to buy HTC
Talking to Reuters, Chief Financial Officer David Chang said that the subject was broached internally:
After a dismal start to 2014, HTC has managed to turn profitable in Q4 2014, and has continued the momentum with a slender $11 million net profit in Q1 2015. However, the Taiwanese vendor's latest handset, the One M9, failed to meet expectations, with the brand now forecasting a net loss for Q2.
ASUS, on the other hand, is gaining ground in the Android segment with its ZenFone series. The manufacturer's ZenFone 2 was well-received in China and India, and ASUS is now targeting Western markets by launching the device in the U.S. and Canada. In the PC segment, ASUS continues to be a force to contend with in the component as well as notebook categories.
As Chang says in his quote, chances of an acquisition are remote. If we hear anything to the contrary, we'll let you know.
Source: Reuters
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Harish Jonnalagadda is Android Central's Senior Editor of Asia. In his current role, he oversees the site's coverage of Chinese phone brands, networking products, and AV gear. He has been testing phones for over a decade, and has extensive experience in mobile hardware and the global semiconductor industry. Contact him on Twitter at @chunkynerd.