A new report reveals that HTC's recovery isn't going as smoothly as the Taiwanese company hoped.
Following the news that a new chief financial officer had been hired, the company's shares tumbled by six percent on Tuesday.
HTC One X review
On Monday, HTC released a statement appointing Chia-Lin Chang as the company's new CFO, replacing Winston Yung, who remains with the company in corporate development.
Chang is a former Goldman Sachs partner in Taiwan whose resumé also includes a stint as an engineer at Motorola.
The company refused to cite a reason for the CFO swap, but analysts were quick to view the move in a positive light.
HTC's bumpy ride
After a period of rapid growth on the back of Google's Android platform through 2010 and early 2011, HTC hit a speed bump attempting to outwit Apple's iPhone and keep pace with Samsung's popular Galaxy smartphone line.
Ranked as the wold's fifth most popular cell phone maker, HTC's fortunes had a virtual free fall in the first quarter of 2012 with a 70 percent drop in net profits.
Now, Samsung may pose a threat to the company's revival efforts, which revolve around a trio of HTC One handsets introduced this month.
Rumors are swirling that Samsung will introduce a new Galaxy S3 imminently, which is likely to continue the Korean manufacturer's lucky streak with more than 40 million smartphones sold.
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