The removal of the smartphone pioneer from the Taiwan 50 follows the August announcement that it would lay off 15 percent of its workforce and slash operating costs by 35 percent, as it reported its lowest monthly revenue in eight years. HTC's current global smartphone market share has been estimated to be around 2 percent -- around one fifth of the 10.7 percent share it had back in 2011. By comparison, Samsung holds 21.4 percent of the market, according to analyst IDC. The company's 2015 flagship phone, the One M9, was widely considered a strong offering on its own merits upon its release in April. But it looked and felt too similar to last year's M8, leading to disappointing sales.
HTC CEO Cher Wang told the Wall Street Journal in March that the company will be "refocusing on our product advantage..and moving beyond the smartphone business."That was a reference to HTC's foray iphone 7 plus rose gold wristlet folio case into virtual reality with the Vive headset, Built in collaboration with video game developer Valve, the headset has garnered plenty of positive attention ahead of its intended 2016 release, But with competition from Sony and Facebook-owned Oculus in this nascent product category, it seems unlikely to be a short-term hit..
The Taiwanese smartphone pioneer is dropped from the country's top 50 stock index as its market share and stock price continue to dwindle. Beleaguered HTC's woes just keep piling up. Following dwindling market share and a plummeting stock price, on Sunday it was announced that the smartphone maker is to be removed from the Taiwan Stock Exchange's FTSE TWSE Taiwan 50 Index. Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.
Details on the phone specs weren't shared, but it's likely that most of the phones Nokia produces for the region will be budget or midrange devices, Despite Samsung being the most popular brand in the country, most devices purchased in the region are not flagship or premium phones, Ajey Mehta, Microsoft's Mobile Devices India manager, told Economic Times that the new phones would support all forms of 4G iphone 7 plus rose gold wristlet folio case -- presently a rarity amongst devices other phone makers have released in the region, Once the leader of the handset market, Nokia failed to adapt to the smartphone revolution and ended up falling well behind current market leaders Samsung and Apple, Last year it officially exited the business when Microsoft acquired its phone division for $7.2 billion..
He spoke in reference to the Korea Economic Daily's Wednesday report that the company, which has endured seven consecutive quarters of shrinking profit, was looking to cut one-tenth of its employees. In what Sang-hoon called a "standard relocating," staff from accounting, human resources and public relations will be sent to marketing or sales. In addition to a 10 percent reduction in staff, the Korean Economic Daily was also told by an unidentified source that the South Korean electronics behemoth hoped to cut its working expenses by 50 percent in 2016.
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