HTC confirms mobile VR product coming before end of year

HTC records big revenue drop, but smaller losses, for Q4 2016

Today HTC confirmed that its next virtual reality product would be a mobile headset of sorts.

KitGuru Says: HTC has quickly made a name for itself in the VR market so perhaps it could put up a good fight in the mobile space, giving the Samsung GearVR and Google Daydream a run for their money.

HTC has plans to offer a virtual reality product to complement its upcoming flagship phone, the U Ultra, CNET reports after speaking with the company's president of global sales Chia-lin Chang.

"Vive is very top end, and in the coming months you'll see our plans in terms of mobility and VR, and it's not a phone slapped onto a headset", said Chang. "It'd be a different thing".

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"We have learnt much from our entrance into the world of virtual reality, and we believe that... our HTC VIVE is at the forefront of that market", said chairwoman and CEO Cher Wang in a statement. In recent years, the company has watched its smartphone market share fall, forcing it to focus its efforts elsewhere.

Tuesday's numbers confirm that the company failed to post a quarterly profit in 2016, with HTC reporting operating losses of NT$4.8 billion, NT$4.2 billion, NT$2.0 billion, and NT$3.6 billion.

Overall revenue for the time period came in at NT$22.2 billion ($720.7 million) for the quarter, which is a big 13-percent drop from the same period a year ago.

The company is still pinning its hopes on the success of its Vive virtual reality headset. The company is now responsible for one of the best VR kits on the market (HTC Vive), and with the entire VR realm growing at an alarming rate, the company stands to benefit handsomely for its efforts. Exactly how it will do that, however, remains to be seen.

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