AfterDawn: Tech news

HTC COO steps down as company struggles in smartphone business

Written by Andre Yoskowitz @ 05 Jun 2013 9:18 User comments (1)

HTC COO steps down as company struggles in smartphone business HTC Chief Operating Officer Matthew Costello has resigned from the company after less than three years at the position following the company's struggles to remain relevant in the market.
Fred Liu, the current president of engineering and operations, has taken on Costello's roles.

Over the last 18 months, HTC has seen four senior executives leave the company. Year-over-year, quarterly earnings fell 98 percent, and the company's stock has fallen over 75 percent in the same time frame.

The company has put most of its eggs in one basket, with the new One smartphone which includes a powerful quad-core processor, a 5-inch 1080p display and UltraPixel camera technology that uses multiple 4MP sensors.

HTC will need the phone to be a hit if it wants to reverse the downtrend its seen on its market share. Once above 10 percent in 2011, share in the global market is down to 4.2 percent.

Tags: HTC
Previous Next  

1 user comment

16.6.2013 19:51

HTC is struggling? Based on their devices, I was sure they were not trying at all?

Comments have been disabled for this article.

Latest news

Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments
How to Enable Bluetooth on Stadia Controller How to Enable Bluetooth on Stadia Controller (11 Feb 2023 1:04)
Google shut down its streaming game service Stadia late last month and this means that some people have Stadia controllers lying around that seem to be of no use. That is fortunately not the ....
2 user comments
Guide: How to Kick Unwanted Guests from Your Netflix Account Guide: How to Kick Unwanted Guests from Your Netflix Account (26 Jan 2023 2:14)
Sharing a Netflix account with a person in a different location is possible and indeed very common, although the company doesn't necessarily enjoy this behavior from their customers. However, ....

News archive