In a recent research report, the Topology Research Institute said that Japan's Sony Corp., California-based Oculus VR and HTC are expected to continue to dominate the global virtual reality headset market in 2017. According to Chang, however, the new device that HTC is working on will not be as simple as "a phone slapped onto a headset".
The HTC Vive will remain as HTC's high-end product, meanwhile this mobile headset will target a lower-end market.
The VR industry has been expanding these past few years and the company that's been capitalizing on this the most is HTC. The Vive is an expensive device, however, and one that also requires an expensive gaming PC to run.
The reason why HTC wants to leave Vive behind and developed a mobile version of it is because Samsung's Gear VR has been overshadowing it quite hard. But he did not go into further details, or whether the device would be shipping anytime soon.
Nonetheless, HTC has high hopes for its VR operations, saying that VR headsets will gain popularity because of a wider range of applications in areas such as education and healthcare.
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Chang said HTC will reduce the volume of phones it puts on the market, with plans to launch six or seven at most in 2017. The news came as part of an interview with CNET at an HTC U series launch event in Singapore.
In spite of the more powerful capabilities of the Vive, it has been surpassed terms of sales by the rival Samsung Gear VR.
Having split off its virtual reality business into its own separate entity a year ago, HTC is making a big drive for virtual reality in 2017.
Revenue from October to December was down 13.62 per cent year-on-year to Tw$22.2 billion ($720 million).