Cher Wang took over as CEO of HTC, the smartphone manufacturer she co-founded and has been hampered by serious monetary losses in recent years.
Wang replaced Yves Maitre, former executive vice president of French telecom operator Orange, who last year was commissioned to increase sales of smartphones and virtual real appliances as generation 5G began to mature.He resigned on September 2 because Covid-19’s restrictions made it difficult to “take care of the paintings and the circle of relatives at the same time,” HTC said in a legal statement to the Taiwan Stock Exchange.
Wang will serve as CEO and as chairman of the board, the inventory exchange says.Corporate percentage costs have increased by about 3% since the announcement.
The returning executive co-founded HTC in 1997.In her 4 years as CEO before Master took office, she tried to save the smartphone business from Android competition like Samsung and Huawei, analysts said.Many competitors had more powerful sales and marketing strategies.In the same 4 years, HTC fired 1,500 of its workers and 2,000 left when HTC sold its design equipment to Google for $1.1 billion.
The global mobile phone market was already competitive at the time, said Brady Wang, analyst at Counterpoint Research in Taiwan.
HTC’s market share for phones peaked at 10.7% in 2011, but has since fallen to less than 1%, according to the IDC generation studies corporation.The company has reported a decrease in revenue since 2011 and a net loss of NT $9.4 billion ($320 million) in 2019.
It’s to say why HTC’s virtual real and augmented truth device hasn’t gained more market position share, according to the analyst.Sony’s rival hairstyles accounted for 36.7% of the global market position last year, followed by Facebook Oculus with 28.2% and HTC Vive in third place.position with 13.3%. Oculus gained shares in 2018, while HTC remained stable.
After Master’s departure, the analyst said, “Our conclusion is that (HTC) will place the professional leader in the future.”
Wang, 61, and her husband Wenchi Chen were once classified as Taiwan’s richest relative circle with an estimated fortune of $8.8 billion in 2011, but the couple dropped out in 2017.president of Taiwanese conglomerate Formosa Plastics Group.
As a journalist, I’ve covered everything since 1988, since my alma mater U.C.Berkeley at the Great People’s Hall in Beijing, where I followed the Communists.
As a journalist, I’ve covered some of everything since 1988, from my alma mater UC Berkeley at Great People’s Hall in Beijing, where I followed the communist leaders of Japanese news firm Kyodo.Local economic trends that resonate abroad. At Reuters until 2010, I tried sensitive island dating with China.More recently, I have studied high-tech trends in Greater China and extended my news policy around Asia.