Taiwanese smartphone manufacturer HTC is planning to unveil a new smartphone featuring improved camera and audio capabilities, as well its first smartwatch during the upcoming Mobile World Congress (MWC), scheduled for the first week of March in Barcelona, Spain, according to a Bloomberg report.

Dubbed M9, the smartphone is said to feature Qualcomm’s octa-core Snapdragon 810 processor, a 20-megapixel rear camera, an HTC UltraPixel front camera, the company's latest Sense 7 user interface, Dolby 5.1 audio technology, as well as improved location-based services.

As for the smartwatch, not much was revealed, except that it will link with Under Armour's fitness service -- HTC recently announced a partnership with the athletic equipment firm. The wearable, however, represents the company's latest effort to move beyond the smartphone market, which although has experienced runaway growth over the last several years, is starting to slow.

Back in October last year, HTC unveiled a small, periscope-shaped, handheld camera. Dubbed Re, the device contains a 1 2/3-inch CMOS sensor that can capture 16-megapixel images as well as 1080p video at 30fps or 720p slow-motion clips at 120fps. It uses an ultra-wide angle, 146-degree lens with a fixed focal length, and carries an IPX7 water and dust rating, which can be improved to IPX8 through an optional waterproof cap.