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Reports of HTC’s withdrawal from the smartphone market are greatly exaggerated, says company

Photo: HTC Chairwoman Cher Wang, and Alice Sun’s blog post

A recent rumor that HTC was withdrawing from the smartphone market, and that the company would be offered for sale, have been denied by the company. HTC recently warned of a possible loss in Q3 following disappointing Q2 results.

The rumor was started by a post on the the Chinese microblogging site Weibo by EE Times Chinese analyst Alice Sun, a commentator with a generally good track-record. However, rumors of a denial swiftly followed, and Engadget has now received what appears to be a definitive denial of the sale – though interestingly no specific response is made to the suggestion that HTC is pulling out of smartphones … 

Based on recent inquiries related to rumors that HTC is looking to sell the company, we want to confirm that those rumors are untrue. HTC is committed to innovation and will continue to deliver new designs and products to consumers worldwide. We appreciate the support and affirmation of our customers and have new initiatives underway to further build our global presence and a full resurgence of the HTC brand.

Sun deleted her post, but suggests that the story is not yet over. If true, it would be a huge shame so soon after HTC launched the best version of what we consider to be the best Android handset in the market. We shall watch with interest …

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