Google Stock Forecast: Why Google Might Buy HTC Corporation’s Phone Business
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Google Stock Forecast
Summary:
- Rumor has it that Google’s purchase of HTC Corporation’s phone business is near completion. This Google move makes perfect sense.
- My takeaway is that Google needs to acquire HTC Corporation’s phone business to protect its future Pixel Android phones.
- HTC is the manufacturing partner of Pixel Android phones. Pixel is Google’s flagship brand for its own Android phones.
- Buying HTC’s phone business also gives Google the factories and expertise to manufacture high-end Pixel and mid-range/entry-level Android One phones.
- Google needs to produce and sell its own stock Android OS-only handsets to help reduce the heavy fragmentation of the Android ecosystem.