“Taiwanese smartphone maker HTC Corp said it would cut jobs and discontinue models as part of its strategy to focus on high-end devices to better compete with the likes of Apple Inc and Samsung Electronics.

“The cuts will be across the board,” Chief Financial Officer Chialin Chang told reporters after HTC reported a second-quarter loss and forecast another for the third-quarter. “They will be significant”

HTC’s position is sad to see. It follows a number of other companies who have fallen or that have shrunk, including Palm,Nokia and Blackberry. Now it looks like HTC is in jeopardy. This action has come about following news that HTC Corp. forecast a quarterly loss five times more than analysts’ estimates, which has occurred due to plummeting sales.

Source – http://www.reuters.com/article/2015/08/06/us-htc-outlook-idUSKCN0QB14M20150806 / http://www.bloomberg.com/news/articles/2015-08-06/htc-expects-loss-five-times-wider-than-estimates-as-sales-plunge