HTC Corporation is a Taiwanese consumer electronics firm located in New Taipei City’s Xindian District. HTC began as an original design manufacturer and original equipment manufacturer, creating and producing laptop computers when it was founded in 1997.
But still many questions like Is HTC A Chinese company? Did HTC Go Out Of Business? Is HTC Dead? are often asked by the public in this article you will get all your answers to your question.
HTC became a co-founding member of the Open Handset Alliance, a group of handset makers and mobile network operators devoted to the development of the Android operating system, after initially producing handsets mostly based on Windows Mobile. The HTC Dream (marketed by T-Mobile) was the first Android phone on the market.
Although it was originally successful as a smartphone vendor, competition from Meizu, among others, reduced its market share, which had fallen to 7.2 percent by April 2015, and the business has suffered successive financial losses. HTC began to expand its business beyond smartphones in 2016 when it teamed with Valve to create the HTC Vive virtual reality platform. HTC sold nearly half of its design and development skills, as well as non-exclusive rights to smartphone-related intellectual property, to Google in 2017 for US$1.1 billion after collaborating with Google on the Pixel smartphone.
Apple Inc. filed a lawsuit with the US International Trade Commission in March 2010 alleging violation of 20 of its patents covering components of the iPhone user interface and hardware. HTC expressed its displeasure with Apple’s actions and reaffirmed its commitment to developing innovative devices. HTC also filed a case against Apple for infringing on five of its patents and attempted to prohibit Apple goods from being imported into the United States from Asian production plants. Apple included two more patents in its initial complaint.
On November 10, 2012, Apple and HTC struck a 10-year license deal covering the two firms’ present and future patents. The agreement’s terms are kept private.
Apple previously defied HTC’s long-held rights to the trade name Touch by naming its new iPod line the same.
HTC settled with the United States Federal Trade Commission in February 2013 over inadequate security on more than 18 million smartphones and tablets it had sold to customers and committed to security fixes.
HTC Company Belongs To Which Country?
HTC Company Belongs Taiwan.
HTC, which was founded in 1997 as a laptop maker, quickly began producing smartphones based on Windows Mobile and Brew. It introduced the first commercial Android smartphone, the HTC Dream, in 2008 and is now a maker of both Android and Windows-based smartphones.
Is HTC a Chinese company?
No, HTC is a Taiwanese consumer electronics business located in New Taipei City’s Xindian District.
HTC, as creative as it was in technology, was unable to match it in business model or execution. The brand either was too late to participate or did not participate at all. This was the primary motivation for HTC to chart a distinct course about market developments.
What happened to HTC in India?
The situation has deteriorated to the point that the business has terminated all distribution agreements in the nation and has ceased local manufacturing.
HTC, one of the earliest smartphone companies, was recognized for its luxury, metal-clad phones. However, when Apple and Samsung focused on the high end of the market and Xiaomi began to dominate the cheap end, HTC was unable to retain any of its devoted customers.
HTC was once recognized as a leading smartphone company, but its fall was swift. This is a tale that is similar to what happened to BlackBerry in that it went from having a phone to sell at all price points to struggling to stay up with the likes of Apple, Samsung, and Xiaomi.
Is HTC Dead?| Is HTC dead in India?
HTC attempted a comeback in the Indian smartphone market in 2019, but it did not succeed. HTC experienced a severe setback in India as a result of the Chinese mobile manufacturers, and the company finally chose to discontinue direct sales of phones in the country.
Why did HTC fail in India?
HTC was an iconic brand on par with Samsung and Apple; HTC failed to react to the existing market trends, resulting in revenue losses for successive years and an inability to pick up. it is credited with launching the world’s first touchscreen phone, the first Android mobile, the first metal-based unibody mobile, bringing active edge (as seen on the latest Google Pixel phones) on phone frames to trigger apps, and several other industry-first technologies, which later inspired competitors to incorporate them in their products.
However, with the introduction of Chinese brands such as Huawei, Oppo (subsidiaries Vivo and OnePlus), and Xiaomi, HTC failed to react to the existing market trends (see price strategy), resulting in revenue losses for successive years and an inability to pick up.
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History of HTC
HTC was created in 1997 by Cher Wang. HTC, which began as a notebook computer maker, began creating some of the world’s first touch and wireless hand-held devices in 1998.
HTC began producing Windows Mobile PDAs and smartphones under the Qtek brand in 2004. With the release of the HTC TyTN in 2006, the line was renamed HTC.
HTC purchased Dopod International, a mobile device business, in 2007.
HTC introduced the HTC Max 4G, the first GSM phone to support WiMAX networks, in 2008.
HTC joined Google’s Open Handset Alliance before developing and releasing the HTC Dream, the first Android-powered handset, in 2008.
HTC introduced the HTC HD2, the first Windows Mobile smartphone featuring a capacitive touchscreen, in November 2009. The same year, HTC Sense debuted as a user interface, which is still in use in 2018.
HTC announced in July 2010 that, in collaboration with China Mobile, it will begin selling HTC-branded smartphones in China.
HTC introduced the brand slogan “quietly brilliant”‘ in October 2010, as well as the YOU campaign, HTC’s first worldwide advertising campaign. The HTC HD7 was introduced the same month as one of the launch models for Microsoft’s revitalized Windows Phone. HTC sold approximately 24.6 million devices in 2010, a 111 percent increase over 2009.
The GSM Association honored HTC “Device Manufacturer of the Year” at the Global Mobile Awards during the Mobile World Congress in February 2011. HTC eclipsed Nokia as the third-largest smartphone maker by market share in April 2011, after only Apple and Samsung.
HTC stated on July 6, 2011, that it will acquire VIA Technologies’ share in S3 Graphics. Dashwire was purchased by HTC for $18.5 million on August 6, 2011. HTC formalized a strategic collaboration with Beats Electronics in August 2011, comprising the acquisition of 51 percent of the company.
HTC was ranked #98 in Interbrand’s 2011 Best Global Brands rankings, with a valuation of $3.6 billion. According to Canalys, HTC Corporation became the leading smartphone vendor in the United States in Q3 2011, with a 24 percent market share, ahead of Samsung’s 21 percent, Apple’s 20 percent, and BlackBerry’s 9 percent. HTC Corporation created unique models for each operator.
HTC lost a significant portion of its market share in the United States in early 2012 as a result of increased competition from Apple and Samsung. As of February 2013, HTC accounted for 9.3 percent of the US smartphone market, according to analytics company ComScore. In light of the company’s decline in popularity, Chief Executive Peter Chou warned executives that if the company’s newest flagship phone, the 2013 HTC One, failed to achieve remarkable sales numbers, he would resign. HTC’s first-quarter 2013 statistics indicated a 98.1 percent decline in profit year over year, making it the company’s smallest-ever profit—the delay in the introduction of the HTC One was mentioned as one of the causes.
The HTC One was released in mid-2013 and went on to win various industry awards for best smartphone and best design, but global sales of the HTC One were lower than those of Samsung’s Galaxy S4 flagship handset, and HTC recorded its first-ever quarterly loss in early October 2013: a deficit of just under NT$3 billion. HTC highlighted marketing issues as the major cause for its poor comparative performance, a factor previously stated by the firm.
During 2013, Microsoft was in talks to acquire HTC. This was revealed in 2018 by Nokia Chairman Risto Siilasmaa in an interview with Helsingin Sanomat.
HTC unveiled it is new “Here’s To Change” worldwide marketing campaign in August 2013, starring actor Robert Downey Jr., who signed a two-year deal to be HTC’s new “Instigator of Change.” HTC stated on September 27, 2013, that it will sell its interest in Beats Electronics.
Following the debut of the HTC One, two versions were launched to complete the HTC One portfolio for 2013. The HTC One Mini, a smaller version, was introduced in August 2013, while the HTC One Max, a bigger variant, was released in October 2013.
The design and features of the HTC One Max are similar to those of the HTC One, with the addition of a 5.9-inch (15-cm) touchscreen, a fingerprint sensor, and a detachable back cover for expanded capacity. In October 2013, the product was introduced in European and Asian retail environments, followed by a November 2013 debut in the United States.
HTC announced the HTC One (M8), the latest iteration of the HTC One flagship, at press presentations in London and New York City in March 2014. In a departure from past releases, the HTC One was made available for purchase on the company’s website as well as the websites of North American mobile carriers on the same day, a few hours following the launch.
HTC announced a 12.7 percent increase in sales to NT$22.1 billion in April 2014, the company’s highest rise since October 2011. Google chose HTC to manufacture its Nexus 9 tablet in September 2014. HTC unveiled a Windows Phone-powered model of the One (M8) in August 2014, the company’s first use of the operating system since 2012. Due to Nokia’s dominance in Windows Phone devices, HTC abandoned its lengthy association with Microsoft and began focused entirely on Android.
HTC launched Vive, a virtual reality head-mounted display developed in partnership with Valve, on March 1, 2015. HTC announced financial losses between June and October 2015; the firm has experienced greater competition from rival smartphone producers, including Apple, Samsung, and others, resulting in a decrease in smartphone sales as well as a significant loss of market share. Its smartphone market share had returned to 7.2 percent in April 2015 as a result of strong sales of recent handsets, but HTC’s stock price had dropped by 90 percent since 2011.
HTC claimed in November 2016 that it has sold at least 140,000 Vive units, with each device earning a profit. HTC launched its new U series smartphone line, the U Play and U Ultra, in January 2017. The firm touted the U series as a “new approach” for its phones, stressing a built-in virtual assistant developed by the business. HTC announced in February 2017 that its operating losses had dropped by 13 percent year on year in the fourth quarter of 2016, citing “strong sales performance” and sequential revenue gains throughout the year.
Google stated on September 21, 2017, that it will purchase about half of HTC’s 4,000 design and research personnel, as well as non-exclusive licenses to HTC’s smartphone-related intellectual property, for US$1.1 billion. Among the personnel was a team from Google’s Pixel smartphone, which was made by HTC. Google claimed that the acquisition was part of its attempts to strengthen its first-party hardware business. While HTC will continue to manufacture its own devices, the firm has said that it intends to expand its focus on the Internet of Things (IoT) and virtual reality in the future.
HTC announced a quarterly net loss of $337 million in the fourth quarter of 2017, blaming “market competitiveness, product mix, price, and recognized inventory write-downs” on March 26, 2018. The deal with Google will be included in the company’s first-quarter 2018 results. HTC claimed that the proceeds will be used to further its investments in “emerging technologies.” The firm also mentioned its growing VR investments, such as the forthcoming Vive Pro model and the Vive Focus—a standalone “all-in-one” VR headset revealed in November 2017.
HTC announced cooperation with Animoca, a creator and producer of games and apps, in July 2018. Product creation and cooperative collaboration in fields such as gaming, blockchain, artificial intelligence, machine learning, augmented reality, and virtual reality is examples of this. In the future, Animoca’s games will be pre-installed on HTC smartphones.
On February 5, 2019, HTC unveiled its first “Crypto phone,” intending to deliver universal banking via Bitcoin and establishing a gateway to realize a genuinely global economy.
HTC stated on May 11, 2019, that their Crypto phone will be the first smartphone to enable a bitcoin full node.
On September 17, 2019, HTC named Yves Maitre, former senior vice president of consumer equipment and partnerships at Orange, as CEO, with Cher Wang remaining as chairperson.
HTC CEO Yves Maitre resigned from his job on September 3, 2020, citing personal reasons. Cher Wang, HTC’s co-founder, stepped in and is now the company’s CEO. you may also like to read What Is Airtel Black.
Who Is CEO Of HTC?
Cher Wang Is CEO Of HTC.
Cher Wang is a philanthropist and entrepreneur from Taiwan. She is regarded as one of the most powerful and successful women in the computer industry as co-founder and chairman of HTC Corporation and integrated chipset producer VIA Technologies. Wang’s father, Wang Yung-ching, was the founder of the plastics and petrochemicals company Formosa Plastics Group and one of Taiwan’s richest people before his death in 2008. Forbes ranked her as the 54th most influential woman in the world in 2014.
Who is the president of HTC?
Nitesh Bansal is the president of HTC.
Nitesh comes to HTC Worldwide Services from Infosys Limited, where he was Senior Vice President in charge of a billion-dollar Global Engineering business that included global sales, delivery, marketing, consulting, and strategy responsibilities. During his 23+ year tenure at Infosys, he built three billion-dollar business units, worked across countries and industry verticals, and was also important in some significant acquisitions.
What Is the Full Form Of HTC?
High Tech Computer Is Full Form Of HTC.
HTC is an abbreviation for High Tech Computer. It was previously known as High Tech Computer Corporation. It is now known as the HTC company. It is a Taiwanese corporation best known for producing smartphones and tablets.
What Is the Net Worth Of HTC?
The Net Worth Of HTC Is $2.03B.
HTC (HTCXF historical )’s net worth (market cap) for the last ten years is depicted in an interactive chart. The market capitalization of a firm, or the current stock price multiplied by the number of shares outstanding, generally represents its value. HTC’s net worth is $2.03 billion as of September 3, 2021.
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