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HTC shutters Seoul office as Apple, Samsung continue to dominate

Struggling smartphone maker HTC (2498) on Monday said that it has closed its offices in the South Korean capitol of Seoul. IDG News Service confirmed the news with the Taiwan-based company, which as seen smartphone sales slow significantly after an impressive run in mid-2011 helped the firm report record revenue for six consecutive months. That run came to an abrupt end in October following the launch of Apple’s (AAPL) iPhone 4S, and HTC has been struggling ever since. HTC recently pulled out of the competitive Brazilian market, and it also closed a research facility in North Carolina in an effort to cut costs.

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Zach Epstein

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.