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HTC Corporation SWOT and PESTLE Analysis

ID : 52727453| Feb 2023| 22 pages

COMPANY PROFILE -HTC Corporation

Business Sector :Consumer Electronics: Smartphones and VR/AR gadgets

Operating Geography :Taiwan, Asia, Global

About HTC Corporation :

HTC Corporation is a Taiwanese Electronics company that principally engages in the design, production and sale of smart mobile devices. The company offers touch phones, personal digital assistant (PDA) phones, smart phones, android phones and panel computers among other variants. HTC is headquartered in Xindian District, New Taipei City, Taiwan and has an international workforce of 4810 employees as of 2020. HTC consequently operates as an original equipment manufacturer for many of the world’s largest telecommunication companies including Orange, AT & T Wireless, and T-Mobile, among others. The Company was founded in 1997 by Cher Wang and Peter Chou. Within a few years, HTC gained prominence with the creation of its first Android phone, the HTC Dream (T-Mobile G1). The major elements of HTC’s success lie in their innovative ideas and approach. Their popular Touch series, introduced models that were visually pleasing in addition to their finger friendly TouchFLO interface. According to a report by Canaalys, the company was the biggest Smartphone maker in the US, shipping almost 5.7 million devices worldwide in 2011, 800,000 more than Samsung. HTP was the recipient of 22 awards at CES 2016, including Best in Show for Vive and Wereable’s best in Show for UA HealthBox. On June 28, 2022, the new HTC metaverse smartphone was unveiled. VIVERSE (an open-source metaverse platform) will be integrated into the HTC smartphone with a metaverse focus.

HTC Corporation’s unique selling proposition or USP lies in being the largest manufacturer of the world’s Windows Mobile-based clamshell “smart phones” and personal digital assistants (PDAs). HTC’s mission statement reads, “Our mission is to become the leading supplier of mobile information and communication devices by providing value-added design, world-class manufacturing, and logistic and service capabilities.” HTC’s vision statement reads “Everyone has a good personality. People respect and support each other. Let us make the planet lovely together.”

HTC Corporation Revenue :


N$ 5,253 million - FY ending 31st December 2021 (y-o-y decline 10%%)
N$ 5,805 million - FY ending 31st December 2020

Competitive Analysis of HTC Corporation

SWOT
PESTLE
The SWOT analysis of HTC Corporation is presented below in a matrix followed by the detailed analysis report:
StrengthsWeaknesses
1. Pioneering innovations in smartphones
2. The frontrunner of virtual reality arena
3. Robust R&D in the fields of 5G, VR, AR, AI and Blockchain
4. Established in healthcare technology and medical virtual reality products
1. Loss making enterprise from several years
2. Focused on phones powered by sinking Microsoft OS
3. Smartphone business witnessed a painful demise due to mis-pricing and positioning strategy
4. Lack of scalability of product offerings
OpportunitiesThreats
1. Grab market share in the evolving gaming industry through partnership with Valve and launch of HTC VIVE
2. The stagnant smartphone industry to grow with advancement of burgeoning 5G technology
3. Dedicated to building the world’s largest virtual reality content platform, launching the VIVE Infinity membership service
4. Advancing into Medical Virtual Reality Products and transforming health care services
1. Fierce competition and price wars
2. Losing the Chinese and Indian market to Chinese mid-range options
3. Betting huge on Virtual Reality in an ecosystem which is still in its infancy
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Detailed SWOT Analysis of HTC Corporation

Strength

1. Pioneering innovations in smartphones: HTC has a rich history of innovations and is well credited with giving high tech offerings to the world beginning from PDAs to 5G ecosystem. It is acclaimed to launch the flagship windows-based PDA then, smartphone, touch centric and 4G enabled Android device. The obsession of HTC for quality products could be understood by the fact that it launched the world's first metal body smartphone. HTC entered into several collaborations with sectorial industry leaders, namely, Under Armour, Valve and Google to launch the "Powered by HTC" devices like the famous Google Pixel, being one of the products with Google. It is currently developing the highly integrated, ahead of its time, gadgets of Virtual Reality, Artificial Reality, AI and 5G. In the VR and AR segment, HTC's VIVE has made huge investments to revolutionize the gaming, healthcare automation and education technology. The latest 5G hub is a combination of 5-inch touchscreen enabled high quality visual device and 5G hotspot hub, which can share network with 20 other devices. Besides, HTC boasts in its basket, about the Exodus series of block chain phones, which are one of its kind, to provide secured vault to contain and generate Bitcoins.

2. The frontrunner of virtual reality arena: With its high-quality systems, accessories, complementary platforms, software, and services, HTC continues to set the bar for premium VR. With its broad portfolio of devices, platforms, and software, HTC is well-positioned to benefit from this new normal that digital technology has facilitated. People will be able to continue socialising, meeting, learning, and training in the virtual world thanks to products like the own-brand VIVE Sync business meeting software and the VIVE XR Suite, a tailored selection of VR applications. VR will increasingly gain prominence as the most lifelike in-person remote meeting experience. With a 13 percent global market share in VR HMD shipments, HTC is the third-largest vendor as of 2019.

The remaining section under “Strength” is available only in the 'Complete Report' on purchase.

Weakness

This section is available only in the 'Complete Report' on purchase.

Opportunity

This section is available only in the 'Complete Report' on purchase.

Threats

This section is available only in the 'Complete Report' on purchase.

Major Competitors :

Major Brands :

  • Exodus
  • Edge Sense
  • 5G Hub
  • HTC One
  • Vive
  • DeepQ Healthcare
  • Desire
  • U19e
  • Wildfire
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References used in HTC Corporation SWOT & PESTLE Analysis Report

1. Annual Report - https://investors.htc.com/en/financial-information/annual-reports/
2. HTC's Downfall: Behind A Once-Promising Smartphone Maker's Struggles - https://www.slashgear.com/htcs-downfall-behind-once-promising-smartphone-makers-struggles-07572316/
3. Why did HTC smartphones go from popular to obscure? - https://www.phonearena.com/news/why-HTC-smartphones-lost-popularity-market-share_id113614
4. Windows Phone was a glorious failure - https://www.theverge.com/2017/10/10/16452162/windows-phone-history-glorious-failure
The detailed complete set of references are available on request in the 'Complete report' on purchase.

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HTC Corporation SWOT and PESTLE Analysis - SWOT & PESTLE.COM

SWOT & PESTLE.com (2023). HTC Corporation SWOT and PESTLE Analysis - SWOT & PESTLE.com. [online] Available at: https://www.swotandpestle.com/htc-corporation/ [Accessed 04 Oct, 2023].

In-text: (SWOT & PESTLE.com, 2023)

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HTC Corporation SWOT and PESTLE analysis has been conducted by Tej Narayan Shaw and reviewed by senior analysts from Barakaat Consulting.

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