"This strategic realignment of our business will ensure that each product group has the right focus, the right resources and the right expertise," she said. As we noted before, that focus will include more sub-premium smartphone models, especially in growing markets like India. The company said it will also create growth by focusing on "profitable key areas of premium smartphones, virtual reality and connected lifestyle products." That means it's pinning hope on wearables and products like the Vive VR headset, which haven't even come to market yet. Hopefully, the company has something else up its sleeve to turn things around.