Back in March we reported on rumors suggesting that HTC’s CEO would step down from his position if the HTC One didn’t prove to be a true success. Fast-forwarding a few months, the HTC One has seen its share of struggles with component shortages, but ultimately has been well received.
So what’s the verdict? Will HTC’s Peter Chou step down? Absolutely not. Speaking in an interview with the Wall Street Journal, Chou made it clear that he has no intentions to quit, and claims he never did.
“There are a lot of rumors that say I would quit, but I never said that. I’m not going to find another job.”
With several high-profile execs jumping ship at HTC recently, it’s nice to know that Chou is ready and willing to stick it out through the difficult times ahead.
HTC might still be struggling to find its way back to its lost golden age, but once it did manage to get things straightened out with the HTC One’s supply issues, the company did turn it’s highest revenue in 11 months, reporting NT$29 billion for May. That’s even with increasing competition in the form of the Samsung Galaxy S4.
Chou is essentially considered the cornerstone of HTC’s business, and – for better or worse – even the company’s board seems more than ready to stand behind the CEO.
“The board has a lot of confidence in Peter, and share price is not going to drive decisions on the future of the chief executive,” says David Yoffie, a member of HTC’s board and one of Chou’s former professors while in attendance at Harvard.
It is really too early to say whether or not the HTC One can do enough to turn things around for the company. That said, HTC has noticeably made a real impact with the One. For the first time in while, people are buzzing about HTC – and not just talk about how it is supposedly dying.
While Samsung’s Galaxy S4 is a solid handset with tons of great features, it is ultimately just an upgrade to the GS3 in design and philosophy (though that’s not necessarily a bad thing). The HTC One is something completely fresh, and it’s hard not to notice.
Add this to compelling devices like the HTC Butterfly S and HTC One Mini and it’s obvious that HTC isn’t done fighting yet. This is good news, whether you love HTC or not. The more competition out there, the more we will start to see real innovation and competitive pricing.
What do you think, can HTC turn things around? Is Peter Chou the man to do it, or is it time that the company considered a new direction – and new CEO?