HTC pins turnaround hopes on wearable device, "disruptive" tablet, and new line of mid-range and affordable smartphones.
10 Wearables To Watch At CES 2014
(click image for larger view and slideshow)
HTC has seen a disastrous collapse in demand for its smartphones over the last two years. In 2014, the company believes that entering new product categories -- and resurrecting some old ones -- will help right its badly listing ship.
HTC expects to have a wearable available in the US market by the holiday shopping season, according to company chair Cher Wang. After spending years engineering a smartwatch (of sorts) HTC says it has cracked the code to making a great product. "Many years ago we started looking at smartwatches and wearables, but we believe that we really have to solve the battery problems and the LCD light problems," said Wang in an interview with Bloomberg. "These are customer-centric problems."
Wearables are a hot category, but none of the current offerings has been a runaway success. The Samsung Galaxy Gear can be deemed a flop. The Qualcomm Toq has limited availability. The Sony SmartWatch 2 is a solid device but still misses the mark. The only decent smartwatch is the Pebble, which recently launched an app store of its own. Wang didn't offer any details about the device or specify what HTC is bringing to the table, but battery life is certainly a concern among smartwatch owners.
Beyond the smartwatch, HTC needs to bolster its smartphone lineup. The company introduced only a few models during 2013, many of which focused on the high end of the market. HTC admits this was a mistake. "[Last year] wasn't a very good year for HTC,” said Chang Chialin, CFO and head of global sales. "We have to admit we took our eyes somewhat off the ball in making sure we have a robust portfolio in the mid- and affordable end, which we're fixing now." That means HTC will offer a wider range of products this year.
HTC is expected to kick off its 2014 offerings soon. A product code-named the M8 will replace the year-old HTC One as the company's flagship smartphone for the year. Solid details about the M8 are sparse, but it will feature a design similar to the HTC One, as well as an improved camera and tweaked software. The M8 is slated to arrive by March. What HTC does beyond the M8 is anyone's guess. The company has been good at keeping its product plans close to the vest.
Lastly, HTC will return to the tablet market this year. In October 2013 HTC said it would offer a "disruptive" tablet in 2014 but offered few other details. HTC hasn't fielded a tablet for several years, instead focusing on its core smartphone business. A recent report pegged HTC as the company behind the next Nexus-branded tablet.
HTC says it will boost its marketing efforts this year in an attempt to increase the visibility of both its brand and its products. The company firmly believes a lack of solid marketing led to the limited success of the HTC One and its siblings, the One Mini and One Max.
HTC desperately needs a strong 2014. After reporting losses in recent financial quarters, its market share has dropped precipitously. The company is confident its new products and marketing plans will help turn things around.
InformationWeek Conference is an exclusive two-day event taking place at Interop where you will join fellow technology leaders and CIOs for a packed schedule with learning, information sharing, professional networking, and celebration. Come learn from each other and honor the nation's leading digital businesses at our InformationWeek Elite 100 Awards Ceremony and Gala. You can find out more information and register here. In Las Vegas, March 31 to April 1, 2014.
Eric is a freelance writer for InformationWeek specializing in mobile technologies. View Full Bio
InformationWeek Elite 100Our data shows these innovators using digital technology in two key areas: providing better products and cutting costs. Almost half of them expect to introduce a new IT-led product this year, and 46% are using technology to make business processes more efficient.
Building a Mobile Business MindsetAmong 688 respondents to our Mobile Application Development Survey ó up from 350 respondents in 2012 ó 46% have deployed mobile apps, with an additional 24% planning to in the next year. Whatís the holdup for that remaining 30%? Often, itís a lack of expertise.
Top IT Trends to Watch in Financial ServicesIT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Join us for a roundup of the top stories on InformationWeek.com for the week of September 18, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."