HTC's smartphone president has resigned following ten quarters of losses

HTC mobile chief resigns before the unveiling of company's last flagship HTC U12

The move comes months after Google chose to buy the smartphone design and engineering team from HTC for $1.1 billion (roughly Rs. 7,000 crores), and it could be the outcome of the plan that was reportedly aimed to streamline the company's smartphone lineup this year.

According to HTC, Chang joined the Taiwanese smartphone brand in April 2012 as chief financial officer after leaving the U.S-based investment bank Goldman Sachs.

The HTC president for the phone and connected devices business Chialin Chang has resigned. HTC saw many executives depart and Chang was among the few veterans left.

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After recently selling a large portion of its smartphone business to Google, HTC's President of Smartphone and Connected Devices has announced that he will be stepping down to pursue his own "personal career plan".

HTC said it is a personal career move, while media reports indicate Chang intends to launch an AI startup in the future. Last month, HTC closed on its transaction with Google, which means that the company received $1.1 billion from the search giant in return for its Pixel division, and a non-exclusive license allowing Google to use some of HTC's patents. HTC's smartphone revenue has declined significantly over the years, and isn't showing any signs of improving.

Although the company is facing troubles for quite a while, yet it seems like the company will be launching its promised flagship of 2018, apparently HTC U12, in coming months. Some speculate that the HTC U12 might be the company's last flagship, but nothing is confirmed at this point.

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