Taiwanese tech giant may have lost 2015 to Samsung but its coming back

HTC is probably fully aware it is the loser in the war with Samsung as far as this year is concerned, as the HTC One M9 failed to impress buyers just like the Galaxy S6 family.

In a move that seems to show the company’s desire to put a bad year behind it, a new report indicates that the Taiwanese company is already working on a powerful new flagship device, a phablet that will sport high-end specs and carry a crazy new name.

READ: Taiwanese tech giant facing profitability struggles

The HTC One M9 isn’t the most appealing name out there, and a simpler name like HTC O2 has the potential to be more customer-friendly. Apparently, according to a Phone Arena report, that’s what the new device will be known as when it’s finally ready to launch.

As for nuts and bolts, the phablet is rumored to have a 6-inch 2K display (2560 x 1440 resolution), a quad-core Qualcomm Snapdragon 820 processor, 4GB of RAM, 64GB and 128GB storage options, 20.7-megapixel rear camera, 5-megapixel front-facing camera,  a big 3,500 mAh battery and BoomSound front-facing stereo speakers.

READ: Taiwanese tech giant to sack 15% of its global workforce

Since 6-inch phablets aren’t for everyone, the report further goes on to say that a 5-inch version of the phone will be released next year, sporting a 2K/4K display, and an even more powerful eight-core Snapdragon processor.

The HTC O2 will reportedly have a narrow body with thin bezels, and will come with dust and water resistance.

HTC is yet to confirm the HTC O2, but the company was rumored recently to be preparing a flagship launch for a new device.