After Apple HTC has also announced major reshuffle in its management announced by replacing John Wang who is current chief marketing officer (CMO) with former Vice President of business strategy Benjamin Ho who is also ex-chief marketing officer (CMO) of Motorola. The news was highlighted after HTC emailed it to the nextweb.
HTC got total revenue of $2.4 billion in third quarter down by almost $3 billion revenue it posted in the same time frame last quarter in 2011. This is 48 per cent year-on-year drop.
HTC also expects further plunge of revenue by 14.5 percent in the final quarter.