Tech

Google mulls buying into HTC’s smartphone business

Google mulls buying into HTC's smartphone business

Google’s latest acquisition could be Taiwanese smartphone company HTC. Rumours circulating from the Taiwanese press suggests that the Californian web company could be looking to form a strategic partnership with HTC or look to buy the company wholesale.

Chinese-language site the Commercial Times says that HTC is in the “final stage of negotiation with Google for selling its smartphone business unit”.

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Currently, Google and HTC have a reasonably good relationship. Not only did HTC build one of the first Android phones on the market, it also created the first Google Nexus device, along with manufacturing last year’s Google Pixel and Pixel XL. Rumours around the Pixel 2 also suggest that HTC is involved with its production.

HTC could be looking to sell off it’s floundering smartphone arm after its fortunes began to take a turn over the last year. Despite the HTC U11 receiving positive reviews, HTC still saw a sharp decline in unit sales. According to DigiTimes, HTC brought in $99.7 million in August, a decline of 51.5% from July 2017 and 54.4% year on year against August 2016.

 

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