Virtual reality headset lifts Taiwan smartphone maker
KAZUMI SAKURADA, NQN staff writer
HONG KONG -- HTC gained for the fifth straight session in Taiwan's stock market Friday as investors warmed to the smartphone giant's foray into virtual reality.
The company's shares surged as much as 8% to 79.30 New Taiwan dollars ($2.39) before closing at NT$75.30.
Game developers and technology experts from across the globe came together for the HTC Developer Summit in Beijing on Friday, where the Taiwanese company showcased its Vive virtual reality headset, set to go on sale in April.
HTC "will have an immeasurable business opportunities to be brought on by revolutionary technological innovation," said CEO Cher Wang. She called 2016 the "first year" for virtual reality.
The company's shift to a profitable segment is raising hopes among investors as its smartphone operation is being hemmed in by Apple and manufacturers from developing countries. But because many rival businesses have released augmented reality headsets, it is too early to tell how successful HTC's latest device will be, said a source at KGI Securities.