15,000 early Vive sales help push HTC’s stock 20 percent

htc stock jumps vr confidence htcvivekit2
Despite the skepticism still floating around the subject of virtual reality, just a few weeks before the launch of the first consumer-grade VR headsets, HTC’s commitment to it so far seems to be paying off. Just over a week after it opened up pre-orders for its Valve co-venture, the Vive headset, it’s seen a large number of sales and a big response from its stock holders.

In two days of trading, HTC’s stock has jumped 19.75 percent (as per PhoneArena), turning around a long-lasting decline that has seen it fall from tremendous heights reached all the way back in 2011. More impressive is the fact that the 9.75 percent increase on Friday and the 10 percent boost on Monday, came in the wake of a terrible monthly earnings report.

Could it be then that stockholders are feeling confident about HTC’s future because of the effort it’s put into the fledgling virtual reality business?

Back in January this year, the CEO of HTC, Cher Wang, said that virtual reality might be the saving grace HTC needs. While in recent years it’s struggled to market its top-of-the-line smartphones, perhaps that experience crafting premium products could be leveraged to make the first high-end, home-based VR hardware.

Although we will need to wait for the hardware to officially launch to find out if it’s true, early impressions suggest that that might be what it’s achieved. Despite the long lead companies like Oculus VR had in terms of marketing and the Facebook money behind it, HTC has, in its partnership with Valve, created a headset that is first to market with motion controllers and room-scale tracking.

That was enough for us to to profess it was the VR headset that offers the most for the money in many previews, and perhaps the stock holders at HTC are starting to believe that too. It probably didn’t hurt that HTC purportedly sold close to 15,000 units in its first 10 minutes of going on sale either.

Although the $12 million HTC brought in from those early bird units won’t go all the way to turning around HTC’s fortunes, it does suggest that if it can continue to build upon this momentum that it has a chance to be a front-runner in the early years of virtual reality.

It will be interesting to see if stock holders continue to support it over the next few weeks as the hype builds up for the hardware’s commercial launch.

Gaming

Ride through the sky and get fit on the fly with the NordicTrack VR Bike

During CES 2019, we tried the NordicTrack Virtual Reality Bike. Combining fitness and gaming, the bike is one of the most interesting approaches to VR traversal we’ve seen. 
Gaming

These are the coolest virtual and augmented reality gadgets from CES 2019

CES 2019 had plenty of VR and AR gadgets on display, including headsets that completely change how you experience virtual reality, and some that don't even require a PC or a phone to run.
Gaming

The best VR headsets at CES 2019 could bring the technology to the mainstream

While there weren't a ton of new VR headset on display at CES 2019, the ones we saw led us to believe that VR could have a real moment soon, both from a gaming and business standpoint.
Gaming

This is the coolest gaming tech at CES 2019, from laptops to the Teslasuit

We saw a bunch of sweet gaming-related products at CES 2019, from the traditional fare like high-end laptops and nice monitors to more obscure products like the futuristic Teslasuit. Here is the coolest gaming tech of CES 2019.
Mobile

A new Twitter page signals Oppo’s official launch in the U.K.

You may not have heard of them, but Oppo -- parent company of OnePlus -- is on its way to the U.K., While details on the launch are thin on the ground, we expect to hear more about this launch in the near future.
Home Theater

Smart speakers the likely cause of Chromecast Audio’s untimely demise

Goodbye Chromecast Audio, we hardly knew you. Google confirms rumors that it has killed Chromecast Audio, the inexpensive wireless music streamer that let people breathe new life into their old audio systems.
Emerging Tech

SpaceX nails its first launch and landing of 2019, but job cuts loom

SpaceX has nailed its first launch and landing of 2019 with a mission that deployed more satellites for Virginia-based Iridium Communications. But the success was soured somewhat by reports of upcoming job losses at the company.
Business

‘Aquaman’ becomes first DC cinematic universe movie to cross $1 billion

Aquaman fell to second place at the weekend box office, but its worldwide earnings crossed the $1 billion mark, making it the first film in Warner Bros. Pictures' DC Extended Universe to do so.
Emerging Tech

The enormous ‘Flying Bum’ moves toward a commercial design

A prototype of the world's largest aircraft is being retired as the company behind it prepares to build a production model. The new Airlander 10, also known as the "Flying Bum," could be ready for commercial use by 2025.
Music

Tidal faces legal jeopardy over fake stream numbers accusation

In another challenging chapter for music subscription service Tidal, Norwegian authorities have begun a formal investigation into charges that the company faked millions of streams for artists such as Kanye West and Beyoncé.
Deals

Best tax software deals from TurboTax, H&R Block, and more

Do you dread doing your taxes? Luckily for you, there are plenty of tax software options available to guide you through the process. And guess what? Some of them are even on sale today! Check out deals from TurboTax, H&R Block, and…
Business

Cathay Pacific messes up first-class ticket prices — again

A couple of weeks ago, an error on Cathay Pacific's website resulted in first-class seats selling for a tenth of the price. On Sunday, January 13, the airline made the error again. The good news is that it'll honor the bookings.
Emerging Tech

Drones: New rules could soon allow flights over people and at night

With commercial operators in mind, the U.S. government is looking to loosen restrictions on drone flights with a set of proposals that would allow the machines greater freedom to fly over populated areas and also at night.