HTC Delays Release of Latest Smartphone

HTC, the Taiwan based smartphone maker, has delayed the release of its latest smartphone due to a sourcing problem with components. With the HTC One now not launching on time, additional pressure is being place on CEO Peter Chou to step down.

The HTC online site has a large banner that reads – the wait is over. Referring to the release of the new smartphone that is said to have a camera described as utlrapixels.

Nevertheless, for the smartphone buyers who were looking forward to purchasing the phone and those executives at HTC looking to regain lost sales for the company in the smartphone market, the waiting game continues.

HTC delayed the phone’s release for a problem with metal casings as well as for sourcing some of the camera components. A leading trade publication said that the CEO could be pressured by his board’s members to step down. The report says that Chou had promised his board he would step down if the new HTC One were not successful.

The new delay means consumers will not have a chance to purchase the phone until sometime in late March and for many markets around the globe it could be until mid to late April before the phone arrives.

HTC’s ranking in smartphone sales has dropped drastically since its revenues were at their peak in August 2011. In the fourth quarter of 2012, the company just barely scraped out a profit as it saw it revenues fall by over 62% compared to the same quarter in 2011. It has not been any better in the first two months of 2013, with sales off by 27% compared to January and February sales in 2012.

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