HTC CEO given ‘One’ last chance

[Wireless News]

HTC’s profits.plummeted 98% year-over-year in the first quarter of 2013 and chief executive Peter Chou’s future may depend on the success of the company’s new flagship smartphone. HTC was at one point the top-selling smartphone vendor in the United States, however the company’s lead vanished as rivals began innovating faster. Samsung and Apple now ship 22 times more handsets globally than HTC. “If HTC fails one more time, then they’ll be under pressure to replace the CEO,” Daiwa Securities Group analyst Birdy Lu.told.Bloomberg. “HTC One is their last chance to come back after the past two years of declines.” The analyst has an outperform rating on shares of HTC, noting that the appeal of the HTC One is higher than

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