COO Of HTC Steps Down To Continue The Line Of Executive Departures

HTC One (24)

HTC continues to have a rough time of things and that’s been reiterated again as their COO, Matthew Costello, is now stepping down. HTC confirmed this to Bloomberg Businesssweek and while Costello isn’t leaving altogether, his role as COO will be filled by Fred Liu who will continue to also be the president of engineering and operations. Costello is reportedly moving to Europe and will take on a role as an executive adviser within HTC. This news hits after we recently learned that several other HTC executives were stepping down.

On the bright side though, the leaked e-mail that first tipped off Bloomberg to Costello’s departure also mentioned that a new group is being formed in HTC specifically to monitor quality assurance. Another group is going to be assigned to watch the life cycles of HTC products. And on an even better note, HTC saw revenue improvement during the month of May. In fact, May was the best month of 2013 for HTC and this is most likely due to the flagship for 2012, the HTC One. The One is a a great device and HTC has stated that production will increase in the month of June to keep up with strong demand. Just yesterday, the One was also confirmed to be launching on Verizon Wireless so that should help to boost sales even further. HTC made $970 million US dollars in May and this helps to put it near to its goal of $2.34 billion US dollars in revenue for Q2. What are your thoughts on HTC’s troubles? Do you guys think that they can turn things around?

PhoneDog, Android Central, Bloomberg Businessweek, HTC

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