HTC Ejected From Taiwan 50 Index As Smartphone Slowdown Hits Home

It’s been a tough season for smartphone makers aimed at the China market and that’s something HTC can attest to.

The Taiwan-based smartphone maker will be removed from the Taiwan Stock Exchange’s Top 50 Index, now shifting into the Taiwan Mid-Cap 100 Index. The company’s stock has dropped over two-thirds in the past year as smartphone sales in the region experience a uniform slowdown.

It’s the latest in a series of worrying signals for HTC, which has seen its global market share dwindle in recent years, Once the world’s biggest smartphone maker by volume, they now hold under 2% of the market, dropping out of the top 10.

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