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HTC denies its VR business spin-off ‘will be wholly owned by Wang’
In an effort to squash the rumors regarding the spin-off of its virtual reality business, HTC has only raised more questions. HTC issued a statement which denied that the spin-off the VR business into an “independent entity that will be wholly owned by Wang is incorrect.” Many tech outlets are taking this statement as a…
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Report claims that Cher Wang plans to spin off HTC’s VR business into a separate company
According to an unnamed source, HTC Chairwoman and CEO is planning to step up the company’s commitment to the virtual reality market by spinning off the HTC Vive and any related virtual reality work that the company has under way into its own subsidiary. The entity would focus exclusively on virtual reality products and work…
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HTC picks up 10 awards at CES for the HTC Vive Pre, UA HealthBox
HTC hasn’t had much of a presence at CES over the years, but the company changed that in 2016. It not only unveiling the HTC Vive Pre and its UA HealthBox fitness products, but it also managed to secure 10 awards in the process. It was pretty much a given that the HTC Vive Pre…
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December was the worst month for HTC in 11 years
The numbers are in and they’re not good. After showing signs of progress in November, HTC’s revenue for December fell flat on its face. In total, HTC brought in NT$6,517,000,000 – just a hair more than $195 million USD. TO put that in perspective, that’s less revenue that what HTC pulled in during a month…
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HTC sells Taoyuan City factory to Inventec
In an effort to reduce overhead costs, HTC has sold its Taoyuan City factory and land to Inventec for $174 million. HTC’s Taoyuan City factory was temporarily closed in the fall of 2013 due to a decline in sales of HTC phones. At the time, HTC’s factory in Taoyuan City accounted for one-fifth of HTC total production capacity. The sale…
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HTC denies claims it is ‘heading for extinction in 2016’
According to Robyn Mak, columnist for Reuters Breakingviews, HTC will be “heading for extinction in 2016.” Robyn remarks were targeted at HTC, Sony and a few other smartphone makers, based on the smartphone industry’s slowing growth rate and near-nonexistent profit margins. But HTC isn’t planning on closing up show any time soon. It’s true that…
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German court to enforce HTC sale ban in Germany later this month
In the coming weeks, it’ll be a little harder to buy an HTC phone in Germany. The county’s Mannheim District Court has issued an injunction, banning the sale of HTC phones through Deutsche Telekom. The court agreed with Acacia Research Group LLC’s patent dispute which claimed that HTC’s devices use a patented voice coding technology…