HTC is planning to release its extremely well-received virtual reality headset Vive to consumers later this year, possibly in November. In the meantime, the Taiwanese company is busy building out its VR ecosystem. HTC disclosed that it spent almost $10 million for a 15 percent stake in WEVR, an open VR platform and community based in Los Angeles.
Vive represents a departure from HTC’s smartphone business. Its has struggled to compete with Apple, Samsung and (more recently) Xiaomi over the past two years, and its shares recently took a nosedive and hit a ten-year low after its flagship phone, the M9, bombed because it did not differentiate enough from devices by competitors (or, for that matter, its predecessors the M7 and M8).
While Vive has been extremely well-reviewed and is expected to be a major rival to Facebook-owned Oculus Rift, HTC still has a lot of progress to make before its VR gambit succeeds.
For one thing, it needs to build enough quality content to convince people that a Vive is worth purchasing. Its price has not been disclosed but is expected to be higher than Oculus Rift. In order for Vive to gain traction among a wide audience, it’s important for HTC to develop content that will appeal to non-gamers (HTC has talked to potential partners like HBO and Lion’s Gate).
TechCrunch has contacted WEVR for more information on how they plan to use their capital from HTC.
- ^ extremely well-received virtual reality headset Vive (techcrunch.com)
- ^ possibly in November (vrfocus.com)
- ^ disclosed that it spent almost $10 million (investors.htc.com)
- ^ WEVR (wevr.com)
- ^ Vive (www.htcvr.com)
- ^ OnWEVR (wevr.com)
- ^ recently took a nosedive and hit a ten-year low (arstechnica.com)
- ^ did not differentiate enough from devices by competitors (techcrunch.com)
- ^ extremely well-reviewed (www.google.com.tw)
- ^ expected to be a major rival to Facebook-owned Oculus Rift (gadgets.ndtv.com)
- ^ expected to be higher than Oculus Rift (arstechnica.com)
- ^ talked to potential partners like HBO and Lion’s Gate (www.cnet.com)
Source : techcrunch.com