Editor in Chief
- Dec 30, 2010
- Reaction score
- Austin, TX
Could HTC transition from being a smartphone maker to a different industry? Considering a large majority of their business is in smartphones that seems unlikely. Despite that, the flailing company just got some welcome news from investors recently.
On Monday, investors rallied behind HTC shooting the stock price up by 9.75%. They continued the buy trend this morning, causing HTC stock to rise another 10%. To be clear, it isn't enthusiasm for their smartphones which inspired investors. Apparently, everyone is excited by how well the HTC Vive Virtual Reality (VR) headset has done in its initial launch.
The Vive pre-orders sold out its initial offering of 15,000 units in the first 10 minutes of availability. That's a very significant vote of enthusiasm from consumers. That's not all investors were motivated about though.
Apparently, HTC's UnderArmor HealthBox fully shipped its first batch of units as well. At $400 a pop, that's a decent boost to HTC's revenue. We talked about the HTC UA Healthbox previously here: Under Armour & HTC Team Up to Bring Complete Fitness Ecosystem of Devices.
While investors seem to be taking advantage of this opportunity, it remains to be seen if this will be a true rally of confidence or just a small blip. What do you folks think? Could HTC eventually transition out of the smartphone market?
We created a new section for discussing the HTC Vive for folks who want to discuss it: HTC Vive Virtual Reality Headset