HTC Aims For 1/10th of Chinese Smartphone Market by End of 2012
August 13, 2012 11:35 AM
comment(s) - last by
Company wants to be in top two in China by 2015
Taiwanese phonemaker HTC Corp. (
fumbled through Q2
, returning to profitability, but falling short of analysts' recovery hopes. The report led to numerous
branch office closings
, including regional offices in Brazil and South Korea, along with a research facility in North Carolina.
But the phonemaker did see some hope, reporting stronger than expected growth in China. The carrier has risen from 2.6 percent of the Chinese market, to around 6 percent.
That's a big deal because, after all, the Chinese market is the
world's largest smartphone market
, although it is still dwarfed by the American smartphone market in pure consumer dollars. In China, HTC is looking to compete with domestic player Huawei Technologies Comp. (
), who owns 12.2 percent of the market, and familiar-foe Samsung Electronics Comp., Ltd. (
), which owns 24.9 percent of the market, according to Analysys Int'l.
Ray Yam, head of HTC's China operations, has big goals for China. At a time when other regional headquarters are closing, HTC is planning a "secret" new headquarters for China and is considering bumping its headcount, which current consists of 500-600 local engineers.
Samsung has 6,000 branded counters -- sales locations -- in China. HTC is a ways behind, but it is fast catching up, with 2,700 current branded counters, and a planned expansion to 3,500 by the end of the year.
HTC aims to expand its Chinese presence this year. [Image Source: Cult of Mac]
HTC is trying to build its brand in China, and is in the third year of selling phones under its own name, having sold under the trade name Dopod pre-2010. Over the next two quarters, Mr. Yam told
The Wall Street Journal
that he hopes to conquer an additional 3 to 4 percent of the Chinese market, which would position his firm to vie for second place in sales.
By 2015 HTC wants to be one of the top two brands in China in revenue. That likely means holding off Huawei and rising star Apple, Inc. (
) whose products
have become status symbols
among Chinese teenagers. But if HTC can do that, it may be able to salvage its bottom line in the midst of poor European sales and currency fluctuation woes.
After all, by 2015 China's smartphone sales are expected to rise from the current 150-170 million units per year to about 300 million units per year, along with great growth to premium smartphone sales, as the nation's growing class of affluent professionals look to exert their buying power on the world of gadgets.
HTC's flagship One X and One S have drawn generally enthusiastic reviews. Writes
's Brian Klug, "The One S has an absolutely phenomenal in-hand feel" and "it blows my mind that Samsung can't get its own AMOLED panels tuned this well."
This article is over a month old, voting and posting comments is disabled
RE: At least they are realistic.
8/14/2012 7:52:02 PM
There is a huge difference in chassis, display, keyboard, and trackpad quality between an Apple and an Acer, huge.
You get what you pay for, its why a mid-range to high-end Lenovo or Apple laptop are actually worth the price. Acers are disposable.
“We do believe we have a moral responsibility to keep porn off the iPhone.” -- Steve Jobs
China Tries People Who Bought Teen's Kidney for iPad, iPhone Cash
August 10, 2012, 10:26 PM
HTC Closes South Korean Office After Getting Obliterated in Local Sales
July 30, 2012, 1:30 PM
HTC Continues to Struggle, Amid Weak European Sales, Apple Ban
July 6, 2012, 6:25 PM
China is Now the World's Largest Smartphone Market
November 23, 2011, 4:10 PM
Quick Note: Google Chromebooks Now Coming with 1TB of Google Drive Space
November 21, 2014, 1:20 PM
Xiaomi Aims to be #1 Smartphone OEM Within 10 Years, Apple Urges Caution
November 21, 2014, 9:33 AM
Quick Note: Samsung's Request to Dismiss Microsoft Lawsuit is Rejected
November 20, 2014, 12:53 PM
Amazon Offers "The Washington Post" Free for Six Months to Kindle Fire Owners
November 20, 2014, 7:41 AM
Apple Watch Screen Resolution, App Limitations are Laid Bare by Developer Kit
November 19, 2014, 11:31 PM
Apple Replaces “FREE” Label with “GET” on App Downloads in iTunes App Store
November 19, 2014, 5:38 PM
Most Popular Articles
Wal-Mart: Miss Thanksgiving, Get Xbox One + Master Chief Collection for $299
November 17, 2014, 9:40 PM
Sweden Mulls Labelling "Sexist" Video Games in the Wake of Gamergate
November 17, 2014, 2:00 PM
Nokia Lumia 635 LTE Windows Phone is Only $40 at Best Buy on Black Friday
November 18, 2014, 11:59 AM
It's Official: Twitter is Profitable "Junk"
November 16, 2014, 10:45 PM
Apple Releases OS X 10.10.1 Yosemite, iOS 8.1.1 Updates
November 17, 2014, 1:43 PM
Latest Blog Posts
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information