HTC: in the short to medium term, metauniverse hardware is the main, and the future to build diversified revenue

HTC, a Taiwanese electronics giant, has a definite claim on the universe.

In response to shareholders' meeting on June 17, HTC said it will focus on meta-universe hardware in the short to medium term and build more diversified revenue in the future. HTC revealed that on June 28 to launch a new phone, the phone's planning, the purpose is to layout the entire meta-universe, to allow consumers to simply enter the meta-universe.

It's been a hot topic for a couple of years, with facebook and other tech companies betting on it. At the meeting, some minority shareholders asked, what are HTC's advantages? HTC chairman ms wang response, said yuan VIVERSE universe platform has a very clear vision, began to layout as early as seven or eight years ago, the company in this period of time personnel and technology to build a very good foundation, many large companies are now in the universe, also suggests that HTC right vision and strategy, the market opportunity is infinite.

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VIVERSE is HTC Vive's open source metaverse platform, which is made up of a variety of apps and games for cross-platform users on smartphones, PCS, tablets and Vive Flow glasses such as Vive Sync and Engage.

Shen Dao Bang, CHIEF financial officer of HTC, also explained that, referring to data from third-party institutions, the meta-universe market is very large. The mobile phone market has grown to maturity in the past ten years, and in the next five to ten years, the output value of the meta-universe should reach 1 trillion DOLLARS, considering that the future network will be replaced by Web 3.0 and decentralized economy. The meta-universe could even be worth more than $8 trillion, including hardware and software, platform services. "In the next five years, it is estimated that 25 percent of users will spend an hour a day in the metasverse, and nearly 30 percent of enterprises will have their products in the metasverse."

He further said that IN the past seven years, HTC has invested in and laid out the hardware platform and technical software of the metauniverse, and has more than 3,000 content partners. In the short and medium term, it will mainly develop into a more diversified revenue source in the future.

Cher Wang also said at the meeting that in the past year, in the face of various challenges arising from the global epidemic, HTC has actively expanded its meta-universe ecosystem to provide high-quality hardware, software, platforms and services to customers in various fields, including education, arts, entertainment and healthcare. In addition, HTC has gradually completed the restructuring plan of the corporate transformation organization and improved its operating performance.

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