Taipei, Taiwan-based smartphone brand HTC Corp. said Wednesday it is teaming up with American telecom services provider Sprint Corp. to launch the world's first 5G mobile smart hub in the first half of 2019.
HTC said in a statement that the advanced 5G hotspot, which is expected to deliver multimedia and connected data capabilities in a compact and portable design, is aimed at penetrating the 5G market in the U.S. market.
Cher Wang (???), chairwoman and CEO of HTC, said the company has embraced strategic development measures for the 5G era as it did for 3G and 4G technologies, and is working hard to build a 5G ecosystem as smartphones become an even more integral part of life.
"We are thrilled to be working closely with Sprint on this innovative new design," Wang said. "This collaboration brought our cutting-edge technology together with Sprint's industry-leading 5G network to create the next generation smart devices."
John Saw, Sprint's chief technology officer, said in the statement his company is delighted by the partnership to expand its 5G business.
"This innovative product will allow customers on the go, at work or at home to enjoy Sprint 5G on multiple devices with incredibly fast connectivity for content sharing, mobile gaming, entertainment and so much more," Saw said.
According to Sprint, the company plans to launch its mobile 5G network in nine of the largest cities in the United States -- Atlanta, Chicago, Dallas, Houston, Kansas City, Los Angeles, New York City, Phoenix and Washington, D.C -- in the first half of next year.
Wang said HTC believes that its efforts in developing virtual reality, augmented reality, artificial intelligence, blockchain and 5G communications will lead technology advances over the next 10 years.
HTC unveiled its first virtual reality headset in 2015 to diversify away from its core smartphone market, which is saturated and intensely competitive, in the hope of creating an additional revenue source and turning its business around.
The VR operation still accounts for only a small fraction of HTC's revenue, however, and has failed to boost the company's bottom line.
HTC posted a net loss of NT$2.62 billion (US$84.78 million) and a loss per share of NT$3.18 in the third quarter, both worse than the NT$2.09 billion in net loss and NT$2.53 in loss per share seen a quarter earlier.
While HTC continued to suffer a net loss in the third quarter, it posted NT$20.01 in earnings per share for the first nine months of the year because of the big one-time profit it made in the first quarter on a US$1 billion sale of its smartphone ODM assets to Google.
Source: Focus Taiwan News Channel