MasHD Blog

HTC will look to wearables and a new tablet in order to try to reclaim market share, the company has teased, promising “something nice and disruptive” for its new slate. The company has been slow to capitalize on recent attention in either segment, though according to CEO Peter Chou that’s because many such devices – particularly smartwatches – have been more gimmicks than anything else, the Financial Times reports. “It has to meet a need, otherwise if it’s just a gimmick or concept, it’s not for people’s day-to-day lives” Chou said, describing the wearables market as “still too early” and some of the existing products from HTC’s rivals – presumably including Samsung’s Galaxy Gear and Kickstarter-success Pebble – “version one”. However, Chou argues, that leaves a space HTC could step into. “That is an opportunity for us,” he suggested. “People laughed at us when we came out with the first smartphone … Now everyone has a smartphone. I’m pretty sure wearables will be the same, but ...

Peter Chou, the CEO of HTC has stepped back from some of his executive duties in order to focus his attention to product development. His duties have been handed over to Cher Wang – HTC’s co-founder and chairwoman. The move is described as a temporary one. Ms. Wang has increased her involvement in day to day operations including sales, supplier relations, and marketing. The latter has been acknowledged as a weak link by the company. Mr. Chou confirmed the changes in an interview with The Financial Times. He explained them with the need to focus more on innovation, as well as on developing the product portfolio. It is no secret that HTC has been going through a difficult period which resulted in the Taiwanese manufacturer posting its first quarterly loss earlier this month. Peter Chou has been under a lot of criticism lately for the company’s far from great performance. GSMArena