Move over, BlackBerry. HTC is challenging you for the most failed smartphone manufacturer title with a 90% market value drop in two years.
They say that deaths come in threes, but we’re not sure they were referring to smartphone makers. Either way, it seems that HTC might be following in the footsteps of BlackBerry and Nokia as the Taiwan-based company continues to lose value at an alarming rate. Bloomberg reports that “the smartphone maker lost 90 percent of its market value since 2011,” but is still too expensive to be considered for a buyout or merger. HTC also has a consensus rating of 1.6 out of 5 from analysts in the industry, which is significantly lower than both BlackBerry and Nokia.