HTC’s president of engineering and operation, Fred Liu, will take on Costello’s old responsibilities in a new, expanded role that includes operations, quality, sales, and services. Costello will also apparently stay on as an executive adviser. Analysts say this is a good move for HTC, as the company currently has too many executives, but others are worried that this is a sign of even more trouble for a manufacturer that’s had a hard enough time remaining profitable.
Still, in spite of these fears, HTC announced that last month its unaudited revenues total $970 million, which brings the total revenue for the year to over $3 billion. These numbers show that May was HTC’s best month so far in 2013.
[Bloomberg | HTC]