As phone sales cool, HTC bets on VR devices

In the next 10 years, the Taiwan-based firm will focus on the 'disruptive innovation' that 'will transform the way we interact with the world'

Taiwan-based smartphone marker HTC Corp has diversified its range of products by investing in virtual reality or VR devices amid a declining demand for cell phones in the global market, the company's CEO has said.

Cher Wang, co-founder and CEO of HTC, said in an exclusive interview with China Daily that the company will be focusing on the virtual reality devices in the next 10 years. HTC will continue to make smartphones.