TweakTown heard the Taiwan Central Bank has proposed a bailout in effort to save smartphone maker HTC. The Taiwanese phone maker is in dire straits due to increased competition and a lackluster product lineup, and late last week they lost $40 million on the OnLive restructuring.
But, we've seen the phone maker go from one bad report to another, with recent financial reports showing extremely low profit margins across more than one sector, where they were forced to sell off 50% of their share in Beats Audio just so they could meet some financial obligations. The company also took a $40 million arrow to the knee from the OnLive restructuring, where they invested the money in February of last year.
The big news here is that Taiwan Central Bank have proposed a bailout in an effort to save the struggling company, and we know that when the word "bank" and "bailout" are used, there's trouble brewing. HTC is still profitable, but we're not seeing anywhere near the numbers that rival Samsung are making, and I think right now HTC could all but dream of the numbers Apple are pulling off.