HTC can’t catch a break, losing $40 million with OnLive restructure

Poor HTC.  Those guys just can’t seem to catch a break lately.  With the last few years getting increasingly tougher for the quietly brilliant crew, last week’s OnLive kerfuffle is going to hurt quite a bit.  According to details surfacing today, HTC is set to lose $40 million from their investment.

As some of you may recall, HTC climbed into bed with OnLive back in early 2011 where it was expected that future smartphones and tablets would feature the gaming service.  Fast forward a year or so and we’ve yet to see much materialize from the deal. Now, with a new owner and trimmed down staff, OnLive hardly resembles the company that HTC was attracted to in the first place.

 

PC World

About author

Scott Webster
Scott Webster 6570 posts

Scott has been running AndroidGuys since 2007 and loves nothing more than reading up on the latest smartphone rumors. His other mobile efforts can be found on Android Update (CNET) where he covers Google's mobile platform.

You might also like

News and Rumors

OnLive debuts on Android smartphones and tablets

Cloud-based video games come to a mobile device near you.

News and Rumors

AT&T intros new prepaid smartphone plan, $99 Fusion 2 Android handset

AT&T today unveiled a new GoPhone smartphone plan set to take effect on October 7 which saves $10 per month over the previous option.  Called the Monthly Unlimited Plan with

News and Rumors

High-End Samsung QWERTY slider pictured sporting a 720p display

  All the Motorola Droids aside, there are really no high-end Qwerty Androids available… in this writer’s opinion. However, that fact might change very soon, according to Pocketnow. Well, alright – a

1 Comment

Leave a Reply