As we all know, HTC's mobile phone sales have been declining year by year. On the evening of March 16, it was reported that HTC announced that it plans to sell its mobile phone manufacturing factory in Shanghai, and instead invest more resources in VR (virtual reality).

It is reported that HTC Shanghai Factory was founded in 2009, with a peak monthly output of 2 million units, which once made great contributions to HTC's Android leadership. HTC plans to sell a factory with an area of 114000 square meters. Since 2013, with the decline of mobile phone business, many production lines of the factory have been idle. In August 2015, it was reported that HTC would sell the factory, but it was denied immediately.

The Board of Directors decided that HTC would sell its mobile phone manufacturing factory in Shanghai to a mainland enterprise named Shanghai Xingbao Information Technology Co., Ltd. at a price of 91 million US dollars (about 630 million yuan), and said that the sale would not affect the current organizational structure, personnel arrangements and production capacity, and would generate 140 million profits for HTC.

Zhang Jialin, CFO of HTC, also revealed that "HTC will not adopt the same tactics as in 2016, but will only launch 6-7 mobile phones in 2017." Compared with the gloomy mobile phone business, HTC Vive has indeed achieved good results. As of November 2016, HTC Vive had sold more than 140000 units. But this wave of VR craze is more about the core experience competition of products, and whether it will be accepted by the general audience in recent years is still a doubt. I hope HTC has made a correct decision.