Aug 10 AT 2:34 PM Nick Gray 25 Comments

Taiwan Central Bank proposes HTC bailout to help company and stabilize Taiwan’s economy


With stiff competition from Apple and Samsung, HTC has posted some less than stellar numbers the past few quarters. The company is still profitable, but its decline in sales and revenue have contributed significantly to Taiwan’s five months of decline in exports which saw a drop in July of 11.6% from a year earlier.

In an effort to get HTC and the country back on track, the president of Taiwan Central Bank has urged the local government to step in. According to some sources, an unnamed official claims that the Taiwan’s Ministry of Economic Affairs is already working on a plan to help HTC.

While HTC been struggling to keep up with the record breaking numbers it posted last year, we’re not sure that the company really needs assistance from the government of Taiwan – at least not yet. HTC is still a dominant force the Android world, second only to Samsung. An HTC bailout may force the company to pull back on risky or innovative ideas which may actually help the company regain some market share and help them live up to the “quietly brilliant” tag line that they are so proud of.

So is HTC at a point where a bailout is the only option to get the company into a position where it can be competitive and regain market share?

Source: FOX Business

Nick is a tech enthusiast who has a soft spot for HTC and its devices. Nick joined the Android and Me family in the summer of 2010.

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  • DroidSamurai

    Cher Wang has money to take over a HK broadcast TV, but no money to put into HTC? HTC is not even losing money! Imagine what would happen if the US government says they want to invest into Microsoft to help them bounce back, when it is still making money! It may cause a riot in front of MS’ headquarter.

    • linda88

      final nail in the coffin for htc

  • duffguy123

    I don’t think a bailout is appropriate at this point in time.

    HTC should instead listen to the consumer’s complaints about it’s most recent flagship phone, the HTC One X, about the lack of expandable storage & inability to remove the battery.

    When a company has a bad quarter/year, that’s when they should look as to why there is a slump in their profits and improve their products to try and get back to the top of the Android Market.

    • KC

      I totally agreed here. I was interested in the HTC One X but when I learnt of its “closed” hardware system like iPhoney and some of Google’s current approach, I’m now looking at something else instead.

  • Nick Gray

    I think there are a few issues that are not being understood correctly. HTC’s quarterly revenue and profits are down, but the company is still making upwards of $100,000 in profits each quarter. That’s not much compared to Apple of Samsung, but HTC is a company that’s exponentially smaller. If you compared HTC’s profits to some of the most successful fortune 500 companies, it would beat out the majority of them.

    I think Taiwan is simply freaking out because HTC is one of its largest exporters. While other sectors were in decline over the past few years, HTC was seeing unprecedented growth. The issue they need to solve is a lot bigger than HTC is they want to see their GDP turn around.

  • alexanderharri3

    They’re profitable still….bailout considerations are far too premature….unless there is something we don’t know about..

    Now…what they really need to do is listen to customer feedback, actually release fewer devices, all in the high end (low end = previous high end line really), and get them out to more than one major carrier…Bingo.

  • cb2000a

    How about making a phone that does not have connectivity issues? That’s why your One X got returned for a Samsung phone. I really liked the One X, but not getting calls or being able to make them is a problem.

  • fletchtb

    I had no idea that HTC was so essential to the Taiwanese economy.

  • Nathan D.

    HTC is still making tons of money so I think a bailout for them isn’t necessary at this time if they were losing money then I would have said yes but they’re not.

  • redraider133

    Drop sense and go stock and they will save tons of money and also lure more customers in.

    • Brandon

      Yes I agree. Get rid of the Sense and samsungs touchwiz give us stock we can make it look pretty with a background picture lol

  • TheTruthSquad

    HTC made great phones until they came out with the Thunderbolt. Great name, terrible phone. My granddaughter and the battery lasted a few hours and the paint wore off. They have never recovered.

  • Raptor

    How many times i wrote here about obvious that HTC will be dead after HD2 and EVO 4G crap? Billions of morons here happily downvoted those posts.

    OneX specwise finally looks not like previous shit. Just make full day battery (or/and changeable one) and MicroSD for sell for all carriers.

  • jamal adam

    I think they should hold out because as you have mentioned HTC is still profitable and every company goes through hard times. They just need to do the things that made them special and “quietly brilliant.” Innovate, advertise their phones and not focus on things like camera specs or how fast it shoots but rather, more on what makes it appealing to consumers and how it can make people’s lives better and more enjoyable whenever they use HTC devices. Make it about the consumer and less about what a phone can do in terms of specs.

  • Brandon

    I think HTC is an awesome phone I love my HTC EVO 4G LTE. In my opinion where they and alot of other companies have gone wrong are these stupid things like Tough Wizard and crap get added to android it makes phones and tablets so twitchy go stock plz and then work on the easy stuff like getting us the newest OS faster. All the touch wizard does is make it harder to program. In the words of my father, Keep it simple and things tend to work better.

    • Brandon

      Supposed to say Touch Wiz oops stupid spell checker

      • dillybar

        HTC doesn’t use Touch Wiz..

  • desiric

    Why would a company that’s posting over 300 million per quarter in net profitneed a bailout? They don’t…
    As for all you fanboys that are stuck on having a removable battery need to come into the 21st century have you people ever heard of getting a battery bank? The bank will charge your one x more then once and will charge your friends copy cat Samsung crap s 3 as well. As for a SD card… Once again get cloud service for all your stuff, plus if you lose your phone no SD card in the world will get your stuff back.

    • areyoukidding

      What was that about fanboys? You’re an HTC fanboy who can’t look at inanimate objects objectively. I had an original evo too cause it was the BEST, now its the gs3 so that’s what I own. I buy what’s best, I don’t suck on any corporations knob but it looks like you got h going in one end and c out the other. Dumb.

  • MoSDeeb

    I wouldn’t say a bailout is the correct term, but an investment would be a wise move. It would give HTC a cash influx so they can continue in invest in the products.

    • kazahani

      The government “investing” in a company is usually a liability. Government money always comes with strings attached. Look at the auto manufacturers in the U.S.A. GM and Chrysler took bailout money, Ford didn’t. Ford is outperforming both of the other guys by a wide margin.

  • Missy1986

    Thats why i bought an iPhone, from a rich company (Apple is the richest). Htc is dead.

    • yankeesusa

      What does that have to do with the bailout? Apple isn’t the only company that makes great phones. I just got rid of an apple 4s and went back to my htc evo 3d because of things apple phone couldn’t do.

  • Tojen

    To your question, no, the government shouldnt bail out htc at any point. Their failures as a company is their own doing. If the government bails them out, then htc wont be forced to do a better job.

  • yankeesusa

    In the end I think htc is doomed if they don’t listen to consumers like samsung and now motorola it seems is also listening. I have been using htc for the past 4 years and this year I’m switching to samsung. Hopefully htc will come back. More competition is better for the consumer.