Several reports suggest Razer, the company well-known for making professional gaming accessories and laptops, is now thinking of releasing a new device for its target audience. This device would be a smartphone created especially for hardcore gamers. However, producing such a phone might not actually be that easy from a financial point of view.
Razer needs serious financial means to create the phone
This is an ambitious project, so Razer will seek the selling of shares to achieve the necessary funding to develop the phone. Therefore, it will open a public offering in Hong Kong which aims to achieve between $3 billion and $5 billion in valuation. Also, many think the company is going to file for an IPO near the end of this year.
However, most people didn’t find it surprising that Razer was thinking of getting into the smartphone business. At the beginning of this year, the company purchased Nextbit. They declared that, despite the acquisition, it will still remain independent, but the issue hasn’t been discussed much.
How should the device look like?
Given that Razer wants to make a phone for hardcore gamers, it makes much sense to produce it under its own name, and not Nextbit. Even so, this might not be enough to help it start this business. The product might be created for gamers, but the smartphone market is already dominated by strong competitors like Apple or Samsung.
We have to admit that the idea of a smartphone made by a company specialized in gaming equipment is pretty promising. This makes us wonder how Razer is going to tackle a phone made for gaming. The device might be able to stream PC games, or fashion it with VR capabilities. We cannot tell for sure, so all we can do is make speculations.
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