HTC Corp. has come under a lot of slack, for the past couple of years for being “confused, unoriginal and uncompetitive”. With their shares having fallen by 51 percent so far, the Taiwanese smartphone makers have reportedly announced, that they would be cutting jobs and discontinuing models so that they can focus on high-end devices, which they hope will enable them to compete with Apple Inc. and Samsung.

“The cuts will be across the board,” said Chief Financial Officer Chialin Chang, “they will be significant.”

He also mentioned that the cost reductions would extend up to the first quarter of the [...]