New VR product to launch this year: HTC

HTC's Chief Financial Officer, Chia-lin Chang, has not only described the firm as a "VR company", but has also indicated it is working on a new VR device. Unfortunately, the company's not opening up about what that entails just yet.

In the spring of 2016, HTC launched its HTC Vive VR headset for PCs. During the brief interview, Chang confirmed that his company would launch a headset that would blend mobility and VR, though you shouldn't expect it to be another Gear VR. According to Chang, the HTC device won't be like Google's Daydream View or the Samsung Gear VR - headsets in which users plug in their phones to view virtual content.

Jointly developed by HTC and US video game supplier Valve, the HTC Vive was unveiled at the Mobile World Congress show in March 2015 and officially went on sale worldwide in April 2016. In its most recent quarter, HTC reported a loss of $116.8 million. That's going to change soon, though. We can't know for sure what he means by that but we can be sure that it's going to give Google and Samsung some tough competition. But dropping bottom-rung phones from its lineup will help HTC focus on more profitable models further upmarket.

The past year hasn't been a good one for the Chinese tech giant.

As for whether HTC will ever return to the entry-level market, an HTC spokesperson told TechRadar the company doesn't have any more details to share beyond what was said on the investors call.

HTC is developing a new VR device.

Last week though, the company revealed its revenue for January was down 28 percent on its 2016 number, reporting NT$4.7 billion in 2017 compared to NT$6.5 billion a year prior.