I am not quite sure whether it is correct in using the phrase “fall from grace” where HTC is concerned, but it does seem as though HTC is on the decline at the moment amidst tough competition in the smartphone industry, never mind the fact that their most recent flagship, the HTC One, has proven to be quite a charming high end model that works as expected and intended. That would have gone some way in winning over new and old fans of the brand, but how about HTC’s CEO, Peter Chou? Does he have a role to play in the company sometime down the road?
Despite HTC’s corporate performance that saw them taking in 45% less revenue in August when compared to the corresponding time period last year, not to mention the fact that the stock has dropped by another 47% over the past eight months, HTC’s chairwoman, Cher Wang, does not want to remove CEO Peter Chou from his position just yet. Wang said, “HTC has many innovative products and will continue to work to introduce our excellent products to everyone in the world.” HTC might place their crosshairs on China more these days, since that happens to be the world’s most populous country and possesses a fast rising middle class market who have money to spare, and that might just give HTC’s bottomline a boost if they do well there.
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