The mobile tech giant has confirmed a recent claim that the company will divide from one firm to two firms; one for mobile and the other focused on the booming virtual reality market. In the mobile arena, HTC has been on a never-ending roller coaster going down one slump after another. Although we feel their latest device, the HTC 10, is better than anything HTC’s produced, if it doesn’t succeed things could continue to decline for mobile operations.
Enter the date March 29th, 2016. HTC opens the flood gates for HTC Vive pre-orders and within the first ten minutes orders totalling upwards of $15 million dollars were recorded. HTC has yet to release any other sales stats relating to the HTC Vive, but those first few minutes were a sure reflection of the company’s hard work. This wasn’t the beginning of the development of the new VR firm, but it had to make the future look very bright.
The new company called, HTC Vive Tech Corp began brewing in early 2015 around the time the Vive was introduced to the world at Mobile World Congress. The response must have been so huge that HTC owner Cher Wang felt the need to preserve this new gem while the rest of HTC’s portfolio lingers in uncertainty.
The new VR division will be responsible for more than just the distribution of VR headsets. It will also take on things like distributing PC hardware, handling business sales, marketing, warehouse management and more. HTC Vive Tech Corp will be located on the eighth floor of HTC headquarters in New Taipei.
Currently, HTC Vive Tech Corp is fully owned by Cher Wang and her husband, Chen Wen-chi and they are both listed on the board of directors along with Cho Ho-tu an original founder of HTC. This type of company separation is not new. Many corporations have created subdivisions to manage specific tech focal points like mobile, housewares, televisions, etc. Unfortunately HTC shareholders did not like the news that Cher Wangwas the sole owner of the VR division and the main company’s stock saw a sharp 20% decline after the announcement.
HTC’s front woman sees the potential for growth in the VR industry. The company’s partnership with Valve has been the tip of the iceberg and as additional partners jump on board, the future for HTC Vive Tech Corp looks promising. HTC is doing a lot to boost the VR ecosystem having recently joined forces with Dassault Systemes and launching the Vive X VR Accelerator program. HTC aims to help devs and business find realty in the virtual reality space.
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