>>337099145
because for the longest time their only competition in the market was WMR's and Oculus, when valve entered the market and brought publicity to VR hardware stuff combined with none of the games supporting eye tracking that was HTC's gimmick for their HMD HTC decided to stay in the puck selling business since VRChat was giving them good sales
now that valve opened the doors and showed that HTC is a hollow paper dragon sitting stagnantly on its throne tundra and other competitors are starting to crawl out of the woodworks, HTC probably had to finally yield and decide to push out another HMD to keep up but the project was most likely on hold for a long time after the flop fiasco of the eye tracking headset which caused it to be outdated from release when the team was told to rush it
welcome to the politics of funding, sales and the iron throne of competitive market