Wednesday, October 23, 2013

HTC reportedly scales back production after slump in smartphone sales


NewsAccording to multiple reports, HTC has paused production on roughly a fifth of its total capacity and has been looking to outsource to contract manufacturers to save money. (Update: The company tells Engadget that it hasn't shut down any of its manufacturing lines) Reuters says that it has seen parts of HTC's factories closed up, and reports that cash flow pressures have forced the smartphone maker to make serious changes -- the company reported its first net loss back in October, a total of $101.2 million. HTC's Chief Marketing Officer Ben Ho told the news service that, "Like any manufacturer, we do volume planning to optimize our lines, our manufacturing and production facilities." At the same time, the WSJ reports that HTC has apparently met with several manufacturers with a view to moving production away from in-house.
engadget.com

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