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Struggling Taiwanese manufacturer, HTC, has denied rumours it’s exiting the mobile business, following reports a new smartphone will launch later this year, and early 2019.

According to Taiwanese trade publication, DigiTimesHTC has dismissed speculation the U12+ was its last smartphone.

It comes as HTC continues to post declining sales and revenues, with many commentators questioning its long-term survival.

The news follows the recent unveiling of its Exodus mobile, which claims to be the world’s first blockchain-powered smartphone.

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[HTC]

Despite this, HTC asserts it will continue to build its mobile business, with a 6GB RAM/128GB version of its U12 Life launching by year end.

New consumer and enterprise mobile devices are also planned to release early next year.

As per DigiTimesHTC affirms it won’t give up on its handset business, with devices now ‘indispensable’ to daily life, and strongly related to emerging virtual reality (VR) technology.

The company will continue to optimise its VR platform, alongside developments in augmented reality.

HTC claims it has made a concentrated effort to integrate new related technologies (e.g. artificial intelligence, blockchain and 5G) within new product lines.

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