Facebook Inc (FB) To Launch New Virtual Reality Headset By 1Q16 As It Wants To Bite Soon Into A Market
Facebook Inc (NASDAQ:FB) has revealed that it expects Oculus headsets to come to market by the first quarter of 2016. Virtual reality is a potentially lucrative market, and Facebook considers it as one of the next big things in computing. The company acquired Oculus VR for $2 billion to give it a quick start in the virtual reality market.
Bringing the Oculus headsets to market is expected to open up doors for Facebook Inc (NASDAQ:FB) to enter a huge, but untapped, market in the virtual reality space. Currently, just about 825,000 virtual reality headsets are sold globally annually. However, the market is expected to expand at a compound annual growth rate of nearly 99% over the next five years. That means that annual virtual reality shipments are expected to reach 26 million by 2020.
Games driving virtual reality gains
Games are expected to play a major role in the rapid growth of the virtual reality market. It seems Facebook has the same feeling or insight. The company has partnered with Microsoft Corporation (NASDAQ:MSFT) so that players can stream Xbox One games through Oculus headsets.
Windows 10 to bring Oculus to Xbox
Xbox One support for Oculus will come with the launch of Windows 10, later this year.
Microsoft said that a Windows PC will be required to stream Xbox One through Oculus hardware. The process involves starting your Xbox One device and selecting the game you want to play. After that you start your Windows computer and stream the Xbox game through the local Wi-Fi network to the PC. You can then wear you Oculus headset and enjoy your game.
The experience that Microsoft provides through Oculus for Windows is one of a player inside a cinema.
Sony rivals Microsoft
However, Sony Corp (ADR) (NYSE:SNE), which sold nearly 20 million PlayStation 4 units in about a year, has a simpler offering. For example, once you start your PlayStation 4 device, you head to select a game and then wear your Morpheus headset. From there you are ready to play and enjoy an experience of a cast in the game you are playing.
Both Facebook Inc (NASDAQ:FB) and Google have elaborate virtual reality plans, as they consider the category the next thing in computing.
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