HTC has been struggling to gain its share in the market that is largely dominated by Apple and Samsung. The company made progress with its latest Android flagship, the HTC One, but still its weak quarterly earnings and relatively low market share have analysts wondering what might be in store for HTC. Alice Sun, a well known analyst at EE Times, recently posted a rumor on Sina Weibo claiming that HTC Chairwoman Cher Wang had made up her mind to stop making mobile phones, and that she had even put HTC up for sale in the market. HTC has responded to that rumor with an official statement, saying that it is not up for sale.

Despite the rebuttal from HTC, Alice Sun followed up on Sina Weibo and claimed that time will reveal the reality. On the other hand, HTC says that it is “committed to innovation and will continue to deliver new designs and products to consumers worldwide.” The company is expected to launch its first ever phablet in the coming weeks, the HTC One Max. There haven’t been any more rumors indicating that HTC might be bowing out of the smartphone industry, we’ll keep an eye on this situation and will report on any developments.

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