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HTC considers sale of Vive VR business, according to report

by Danny Zepeda | August 24, 2017August 24, 2017 3:00 pm PDT

HTC has been going through a rough time lately and it’s reportedly looking into every possible option to get into better standing financially—even selling off its Vive VR business.

Bloomberg is reporting HTC is exploring many “strategic options” with an adviser as it tries to turn its business around. HTC is reportedly considering bringing on a strategic investor and selling or spinning off its Vive virtual reality headset business.

Over the past five years, HTC’s market value has plummeted 75 percent down to $1.8 billion and its smartphone market share is now under 2 percent. It’s a long and precipitous fall for the Taiwanese company that was once one of the most important Android manufacturers.

HTC’s most promising business now is the Vive VR headset, but as the adoption rate for virtual reality has slowed, this business branch has yet to take off as expected.

A final decision by HTC has not been made.

Bloomberg

Danny Zepeda

Born and raised in Southern California, Danny grew up on a steady diet Pixar, Star Wars and Steven Spielberg movies. Unbeknownst to him, this was...

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