HTC forecasts global VR business will top smartphones in 4 years

Taiwan’ News
Date: 2016-04-25
By: Central News Agency

Taipei, April 25 (CNA) Taiwan-based HTC Corp., which recently launched its first virtual reality headset the HTV Vive, has projected that the global VR market will overtake the smartphone market in four years.

In a report on China’s Sina website, Wang Tsung-ching, head of HTV Vive China, said it took only five years for smartphone sales to jump past personal computer sales in terms of volume, and now that smartphone demand is slowing, VR devices are expected to become the next big consumer technology on the market.

With the rapid evolution of technology, the VR market is likely to overtake the smartphone market in four years, creating a big impact in the high tech sector and the daily lives of consumers, Wang said.

The HTC Vive, jointly developed by HTC and U.S. video game supplier Valve, was unveiled at the Mobile World Congress (MWC) show in March 2015.      [FULL  STORY]

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