Despite its incredible history, HTC Corporation currently faces troubled waters. The company battles with continuous decline in their sales. Recently, it also launched its latest smartphone, the HTC M8, which failed to skyrocket the mobile markets. The company’s last resort is the launch of its sequel called the HTC M9.
Times continue towards a rough patch for HTC as their Chief Executive Officer Peter Chou announced his departure yesterday. Chou claimed his step-down and will no longer continue his job for the HTC. Replacing Chou for HTC is none other than the current chairwoman Cher Wang. The former CEO Chou will still be part of HTC corporations during the transition period to head the HTC Future Development Department.
According to the Taiwanese company, the motivation behind Chou’s departure is that “over the last two years, Ms. Wang had been increasingly involved in the running of various aspects of the business, to allow Mr. Chou to focus on product development… The Board of Directors and executive team agreed that it was now appropriate to formalize that progression.”
Incoming CEO Cher Wang has been looking after the company while Chou remained busy with the HTC Future Development Departments. When the CEO position was vacated by Chou, Wang suggested herself, to which the company agreed. HTC believes in Wang and her capabilities due to her familiarity with the company and possesses knowledge of their clients and how to push the company towards success.
HTC claims the Peter Chou remains a significant model for the company and its success in the past. Under his reign, the company managed to raise the ranks on the US smartphone market and win courtroom battles with rivals such as Apple Inc.
Upon being congratulated as the new HTC CEO, Cher Wang stated her future goals for the company and her strategy in achieving them. Wang stated: “We pioneered the smartphone industry; now we are applying that thinking to realize the potential of a new generation of connected products and services. The overwhelming response that our virtual reality product, HTC Vive, received earlier this month underlines the importance of these new connected technologies for our future.”
The new CEO also added: “As an entrepreneur at heart, I am excited to see so many new opportunities, and I am honored to accept this opportunity to help shape the next stage of HTC’s development.” Now only time will tell how Cher Wang’s promises will be fulfilled in her reign over the Taiwanese company HTC Corporation.”
The Taiwanese company is also linked with Valve, a popular faming company. Speculators predict that HTC and Valve are working together to produce a new virtual reality headset called the HTC Vive.