Rumors come a dime a dozen in the world of tech acquisitions, but this one would actually make a lot of sense for both companies. Could they compete with Samsung and Apple?
Lenovo, the top PC manufacturer in the world in terms of shipment numbers and market share, may be looking to rise in the ranks of mobile handsets, as well. There’s a rumor going around claiming Lenovo is in hush-hush talks with HTC about taking over its smartphone business. The two firms have reportedly been meeting in secret since August even though HTC’s chief has had held firm publicly that his company isn’t looking to be acquired.
Be that as it may, HTC has seen better days. Much better. HTC built the first ever Android smartphone (HTC Dream, otherwise known as the T-Mobile G1), and from there, the company enjoyed record revenue and profits with each passing quarter. However, Apple (iOS/iPhone) and Samsung (Android) now dominate the smartphone market, while HTC recently reported its first quarterly loss.