HTC has also been manufacturing less smartphones in total and over the course of previous year it made less than 10m units.
HTC has confirmed today that Chialin Chang, the President of Smartphone and Connected Devices Business, has left the company effective immediately. But the timing of this career move feels a little convenient to be coincidental.
Chang joined the company as CFO in 2012, moving there from Goldman Sachs. He previously worked in "technology development" at Motorola Solutions, and initially served as HTC's Chief Financial Officer.
Chialin Chang, President of Smartphone and Connected Devices Business at HTC, has resigned. As The Verge points out, Chang was also one of the last remaining high-level executive not to already departed the company. This comes right after Google completed its acquisition of some of HTC's hardware team members for $1.1 billion, and following 10 consecutive quarterly loss reports for the company.
The company added it was grateful to Chang for his contribution to HTC over the past six years and hoped he would forge an even more successful career in the future. The move comes months after Google made a decision to buy the smartphone design and engineering team from HTC for $1.1 billion (roughly Rs. 7,000 crores), and it could be the outcome of the plan that was reportedly aimed to streamline the company's smartphone lineup this year.
Despite selling off most of its smartphone business to Google, HTC is not leaving the smartphone scene. And from the scenarios, it seems like the HTC U12 could be the last of its name, and the company might look forward to mid-range devices onwards.