Cher Wang promises ‘hero’ product to boost HTC’s performance

HTC Corp. Chairwoman Cher Wang apologized for the recent poor performance of her company today. Wang’s comments seemed to give a small boost to the Taiwanese smartphone maker’s struggling share price, which rose by half a percentage point today on the local stock exchange. Cher WangHTC ChairwomanOn behalf of the HTC management team, I want to give my deepest apologies to all shareholders for HTC’s recent operational performance and less than ideal share price.HTC shares have fallen from a high of NT$1,300 in 2011 to less than NT$100 today. Retail investors complained about heavy losses and a perceived lack of innovation.Cher WangHTC ChairwomanI believe that our company is extremely innovative. I want to again apologize to everyone present. We should also examine and research your innovations.HTC’s smartphone deliveries fell by nearly a quarter from 2013 to 2014. Wang spoke of a “hero” product to be added to its smartphone lineup in October that she believes will put the company on the right path.