The company is already having a bad time, yet another bad news for it arrives, where HTC's President of Smartphone and Connected Devices Business, Chialin Chang, has resigned. HTC's smartphone division has been losing money for ten consecutive quarters, with one of its most recent losses being $103 million in Q3 of previous year. The move comes months after Google made a decision to buy the smartphone design and engineering team from HTC for $1.1 billion (roughly Rs. 7,000 crores), and it could be the outcome of the plan that was reportedly aimed to streamline the company's smartphone lineup this year.
Local media reports said that after leaving HTC, Chang plans to set up a company eyeing the opportunities from the artificial intelliegence (AI) market.
The company has yet to appoint a successor to Chang. "We thank him for his dedication to the company for the last six years and wish him well in his future endeavors".
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HTC has already sold off most of its smartphone design and engineering team to Google for $1.1 billion.
HTC hasn't officially quit the smartphone business just yet, but with the Google deal and now this, it is seeming increasingly likely that HTC may stop producing its own phones.
HTC's new flagship device the HTC U12 may appear in March or April, or even May. He was the CFO of HTC in the years 2013-2017. Maybe all of these changes can help HTC switch into a leaner, more innovative company.