We all know that only the tough survive and will the weak merely just drift off. i sadly have to report once again on an a falling giant. Yes HTC self is suffering like our dear old friend Nokia. The company that was once known as the fifth biggest selling phone maker is being strangled by Apple and Samsung.
HTC has suffered a 79% crash in quarterly profits as the popularity and marketing muscle of Apple and Samsung continue to squeeze out smaller rivals. According to the analyst Pierre Ferragu at the broker Sanford C Bernstein "HTC is entering a vicious circle of market share loss and gross margin erosion that reflects continued loss of traction with consumers," said Ferragu in a note. "We see a market where Apple and Samsung fight hard in terms of commercial and marketing execution to defend their respective positions, with both providing aggressive launch support for their flagship phones and strong distribution support for older models. These distribution dynamics leave almost no room for HTC to remain visible in the market."
I think its time we accepted that when it comes to phones and all these other latest gadgets, Apple and Samsung have it all in the bag. They are only competing against themselves, its too bad that all these brands that we grew up with are slowly fading. reminds me of alcatel and erricson. these companies need to really work on their brand awareness, they use to household names but now people are slightly forgetting about them. come on guys lets get the old PR train working, its time to build brand awareness, get your name out there.
HTC has a slogan "quietly brillant" lets see your brillance and see how you get yourself out of this one.
techno-munchies
HTC has suffered a 79% crash in quarterly profits as the popularity and marketing muscle of Apple and Samsung continue to squeeze out smaller rivals. According to the analyst Pierre Ferragu at the broker Sanford C Bernstein "HTC is entering a vicious circle of market share loss and gross margin erosion that reflects continued loss of traction with consumers," said Ferragu in a note. "We see a market where Apple and Samsung fight hard in terms of commercial and marketing execution to defend their respective positions, with both providing aggressive launch support for their flagship phones and strong distribution support for older models. These distribution dynamics leave almost no room for HTC to remain visible in the market."
I think its time we accepted that when it comes to phones and all these other latest gadgets, Apple and Samsung have it all in the bag. They are only competing against themselves, its too bad that all these brands that we grew up with are slowly fading. reminds me of alcatel and erricson. these companies need to really work on their brand awareness, they use to household names but now people are slightly forgetting about them. come on guys lets get the old PR train working, its time to build brand awareness, get your name out there.
HTC has a slogan "quietly brillant" lets see your brillance and see how you get yourself out of this one.
techno-munchies