Facebook Inc (FB)’s Oculus Could Have A Challenging Time Convincing Gamers To Pay $400

Facebook Inc (NASDAQ:FB)’s virtual reality headset called Oculus Rift (developed by Oculus VR) is expected to go on sale starting 1Q2016. According to early trials, the VR device exceeds the expectations. However, despite Rift being such a stunning virtual reality device, there are a few things that could put speed-bumps in its adoption. Price is one of them.

Price issue

Facebook Inc (NASDAQ:FB) hasn’t disclosed how much the consumer version of the Oculus Rift will go for, but analysts estimate it could cost $400. Those who want to get their hands on the Rift plus the motion controllers would likely have to pay an extra $100.

What is clear is that virtual reality devices won’t be cheap, not even the consumer versions. However, it is likely to be a challenge for gaming peripherals vendors to convince consumers to pay more to have a more immersive experience of the games that they already enjoy. That is where Facebook would find it hard to get the Rift handsets into more consumer hands.

Performance concern

The Oculus Rift headset requires powerful PCs for seamless gaming. For that reason, gamers using average hardware may not get the best they want out of the Rift. Many players would find themselves needing to upgrade to fully enjoy the virtually reality experience that comes with Rift. The need to update hardware because of a gaming peripheral may not be compelling enough for most gamers.

The software question

The other hurdle for the sale of Rift is lack enough titles that can be streamed seamlessly through the devices. Gamers might dig deep in their pockets to pay for the device and also upgrade their hardware to ensure that they can run Rift smoothly, but there doesn’t seem be enough library of games suitable for the Rift streaming.

For Facebook Inc (NASDAQ:FB) and its Oculus Rift headset, success is not guaranteed. However, Facebook has enough financial resources to keep the Rift machine grinding even if its reception turns out to be tepid.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

You may also like...

Read previous post:
Oracle Corporation (NYSE:ORCL)
Oracle Corporation (ORCL)’s Top Executives Project 60% Growth In SaaS And PaaS Services In FY16

Oracle Corporation (NYSE:ORCL) believes that it has a much better bet in cloud computing than the legacy license software business....