[The Next Web] HTC just spun off Vive because it’s better at VR than selling smartphones

It’s pretty clear by this point that VR will eventually play a big role in consumer life, and HTC got a head start with its Vive headset. In order to protect that future investment, HTC is turning its Vive business into a wholly-owned subsidiary. The company provided the following statement to The Verge: HTC can confirm that it has established a wholly-owned subsidiary, HTC Vive Tech Corporation, as a vehicle for developing strategic alliances to help build the global VR ecosystem. What does all that mean? For the consumer not much initally – HTC still owns everything about Vive. But by…

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