HTC has no plans to replace CEO Peter Chou

Peter-ChouAccording to a new report Economic Daily News, despite continuous struggle of HTC, the company has no plans to remove CEO Peter Chou.  HTC has not been performing well for a while now, especially this year.  The company recently reported an unaudited August 2013 47% profit loss, as compared to the same time period last year.

HTC chairwoman told Economic Daily News that CEO Peter Chou “has done a great job” and there are no current plans to remove him from the position.  Recently, rumors have been going around that due to HTC’s continuous struggle, the company has been weighing options to look for a replacement.  However, Chairwoman Wang quickly jumped to let everyone know that there is no such thing being discussed inside HTC right now.  Instead, she comments on CEO Chou’s performance, saying that he has done very well and that HTC has many innovative products coming in the future.

HTC tried to get back into the market with a bang using the HTC One smartphone.  While it is an impressive phone, boasting the latest hardware, newest Sense UI on top of the latest Android software, it still wasn’t enough to attract more buyers.

Shares of HTC have fallen more than 45% through the first eight months of the year, and the company still continues to struggle.  Even Beats is looking to buyout HTC’s stake in their company and remove their name from being affiliated with them.  This is of course a big blow to HTC since the company uses Beats as a good selling point to attract buyers.

Is HTC done for?  Or is there still a chance for them to bounce back?  Tell us what you think.

Have any questions or comments?  Post them below or email them to [email protected].
Hamza Khalid

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