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HTC chairwoman apologizes for disappointing performance

HTC chairwoman apologizes for disappointing performance

Taoyuan, June 2 (CNA) The chairwoman and chief executive officer of HTC Corp. (???) apologized to shareholders Tuesday for the Taiwanese smartphone maker's disappointing performance recently. In her opening remarks at HTC's general shareholders meeting, Cher Wang (???) apologized for what she described as an overly conservative marketing strategy and poor operations management efficiency. Those deficiencies led to HTC's disappointing performance recently in the fiercely competitive market landscape and to its poor share price, she admitted. Wang's apology came after HTC shares took a beating on Monday, falling to a 12-year low of NT$97 (US$3.14) at one point after its suppliers reportedly cut their 2015 shipment forecast for the flagship HTC One M9 smartphone by 30 percent. As of 10:15 a.m. on Tuesday, the stock had rebounded to NT$99.4, up 1.43 percent in the first 75 minutes of trading. At a conference call with analysts on April 28, HTC projected lower-than-expected revenues of NT$46 billion to NT$51 billion for the April-June quarter of 2015, with earnings per share of NT$0.06 to NT$0.34. (By Jeffrey Wu)


Updated : 2021-09-25 07:31 GMT+08:00