HTC to shut India operations, continue investments in VR

HTC denies report that it is closing up shop in India

Google bought part of HTC's smartphone division for $1.1 billion, and the deal closed earlier this year. The company is now laying off 1,500 employees, and its June sales were down 68% from past year.

The company denies that it is leaving the Indian smartphone market and claims that it is reducing headcount in the country to better reflect market conditions in India.

Taiwanese smartphone maker HTC seems to have given up on the Indian market. The Economic Times report states that HTC India's top management, including country head Faisal Siddiqui, sales head Vijay Balachandran and product R Nayyar, have put in their papers, according to three unnamed senior executives. The report adds that HTC has asked most of its 70 to 80 employee team in India to leave, and cites executives at the firm to claim the company is also snapping all distribution agreements in the country after halting local manufacturing for nearly a year now.

The reason for keeping a small part of the team is because HTC is not completely dissolving its operations in India. The executives are cited to say that HTC only plans to sell virtual reality devices online in India moving forward, with operations said to be handled only by the Taiwan team. The Indian operation will be like an extremely small business.

The executive also pointed out that HTC would consider returning to the Indian market should its global business make a turnaround, but considering the company announced a sales decline of 62% in the most recent quarter, that's unlikely to be the case. As of now, the company is said to be quitting.

According to a Morgan Stanley report, India's mobile market is growing at 23% CAGR. Gadgets 360 also got the same response.

Markle's sister says it will be Meghan's fault if their dad dies
Talking to People magazine the royal insider revealed Meghan is finding certain royal rules "frustrating". Sharon Osbourne made comments about the state of Thomas Markle's sobriety on USA talk show The Talk .

Sue Bird breaks WNBA record being named to 11th All-Star Game
Moore was replaced by Los Angeles' Candace Parker, who finished third in the fan voting with 38,575 ballots. As team captain, Delle Donne will be tasked with drafting a team in accordance with the game's new format.

Huawei nova 3i announced with Kirin 710
To take your selfies up a notch, it has AI Selfie recognition that optimises your portrait background depending on the scene. After several weeks of leaks and rumours, Huawei has officially introduced the new Nova series: the Nova 3 and Nova 3i .

The spokesperson added that the recent reduction in workforce in the India office is created to more appropriately reflect local and regional market conditions, and will help HTC advance more effectively into a new stage of growth and innovation. There are still more than ten employees in the India office providing full functionality.

Many distributors have alleged that HTC has not yet paid their dues and they plan to pursue legal action. HTC may face further woes on that front, with the manufacturer said to have delayed payments to its Indian distributors MPS Telecom and Link Telecom.

The HTC spokesperson said the company is aware of the potential disputes, but can't comment on the matter till it has full details.

The company confirmed that while many employees have been let go, "more than 10 employees" continue to remain with HTC. The company has also not launched the flagship HTC U12+ in the country yet.

Must Read: Unboxing The HTC U11+. The report added that HTC's Q1 2017 market share in the 50,000 rupees and higher (~$724) segment was 1.82 percent. Another report by Groupe Speciale Mobile Association (GSMA) hinted that the country's mobile market crossed 5.7 Bn mobile phone users and 340 Mn smartphone users in 2017.

Related:

Comments

Latest news

Gareth Bale will sign for Man United next week on one condition
Real Madrid are looking to get in the right replacement for Cristiano Ronaldo , who left for Italian club Juventus. The former Chelsea man joined United only last summer, and had a terrific campaign for Jose Mourinho's side.

Tiger Woods cards even-par 71 in opening round play at Carnoustie
Schleiden said he expects Thursday's use of the KT Tape by Tiger to be a "big boost" to the company's sales. Neither did his rough night's sleep as he played his round with MAGIC TAPE on his upper back and neck.

Social media baffled as Melania Trump pulls bizarre face next to Putin
Sanders said Trump believes the threat from Russian Federation to undermine those elections still exists. "So when he sees that he has misspoken, he comes out and he says that".

Donald Trump Says He's 'Not Happy' About Federal Reserve Interest-Rate Increases
Eventually Burns relented, aiding Nixon but also helping to feed runaway inflation that dogged the US economy for almost a decade. If the Fed moves too aggressively, however, it could curb economic activity so severely that it helps to provoke a recession.

Jupiter has an "oddball" moon and we can relate
Two other new moons were found to be part of a closer group that orbits in the prograde , or same direction as Jupiter's rotation. Two other new moons are closer and move in a prograde orbit, which is in line with the direction that Jupiter is moving.

Tornadoes leave paths of destruction through Central Iowa
At the UnityPoint Health facility, patients were evacuated to a nearby hospital after the building was damaged by the tornado . Mark Smith , who lives in Marshalltown, told Des Moines station KCCI-TV that the area likely will be declared a disaster area.

Day care owner gets probation for trying to kill toddler
She said the Department of Corrections was equipped to handle mentally ill inmates. Prosecutor Christina Warren reportedly pushed for almost 13 years of prison time.

Comic-Con 2018: George RR Martin's Nightflyers Adaptation Gets First Trailer
Terrifying and violent events begin to take place, testing the loyalties and mental fortitude of those aboard the titular ship. The trailer as well as the plot summary that Syfy has released offers a similar premise but with a bit of a twist.

WhatsApp limits forwarded messages to curb rumours
Now, WhatsApp is moving to fix it and has introduced a new rule that changes the way you forward messages in the chat app. WhatsApp had also bought full-page adverts in Indian newspapers with tips on how to spot misinformation.

Kevin Kisner tames baked Carnoustie to grab lead at Open Championship
I don't think the rain is going to affect how the golf course is playing in one day, but I have to just keep doing what I'm doing. However, he was clearly irked by the remarks of Harmon, best known for being the coach of Tiger Woods from 1993 to 2004.

Donald Trump to invite Vladimir Putin to the White House
Trump said on Tuesday he misspoke during the news conference and accepted the intelligence agencies' conclusions. Ultimately, he said he had personally warned Putin in Helsinki against election meddling in the future.

I’d rather lose than dope, claims Anthony Joshua
Nor do I believe that Russian sportsmen are consuming these substances in anything like the amounts being said. He has lost only a 12-round unanimous decision to former champ Wladimir Klitschko in October 2013 in Moscow.

Tour de France 2018 - Geraint Thomas wins Stage 11, takes yellow jersey
The sport paid for that unlimited access Thursday when unruly spectators interrupted the most iconic climb of the Tour de France . Van Avermaet impressed with his pace in the climbs during Tuesday's stage, but was unable to repeat his performance.

Which rival team offered Lewis Hamilton a contract?
Two years does not leave any room for manoeuvre if he is to match Michael Schumacher's record haul of seven world titles. Confirmation of his new contract could even come as early as this weekend's German Grand Prix.

Andrew Lincoln's Exit from 'Walking Dead' Has Been Confirmed
The dialogue from the teaser video features an ominous woman's voice saying "I know who you really are". Andrew and other cast members will attend a panel at Comic-Con this weekend.

Other news