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.

Readers should think of HTC's upcoming mobile VR headset as a gadget that's similar to Google's Daydream View.

That's really all Chang would say, other than they plan to launch this product before the end of the year. However, in order to deliver the best possible experience, it needs to be paired with a powerful and equally expensive high-end PC. One of the main features of the HTC Vive are its base stations which contain the Lighthouse tracking system, allowing wearers to plunge themselves into room-scale virtual reality. HTC drew a lot of attention with the Vive headset.

"I am pleased with the overall performance over the past year, with innovation triumphing in all of our focus product areas. while we continue to enhance efficiencies across all key processes", chairwoman and CEO of HTC Cher Wang said in a statement.

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HTC has posted net losses of NT$3.1 billion (US$100.49 million) or NT$3.77 per share for the fourth quarter of 2016. Instead, the ailing Taiwanese phonemaker will aim for midrange devices (like the HTC Bolt and U Play) and high-end phones, such as the glass HTC U Ultra.

An emphasis on virtual reality is a big part of the company's turnaround efforts.

With this scarce information we can probably speculate that the new headset would be a standalone which would be plugged into the U Ultra, unlike the Samsung Gear VR which uses the phone to render and display the graphics. As it turns out, HTC registered a 14 percent revenue decrease, which translates to approximately $722 million as of past year.


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