Smartphone Competition Fuels the next Wave of VR

Seems like we've been talking about virtual reality forever, but Oculus is definitely making headway, partly due to how smartphone makers have driven down component costs:

“Those guys are tearing each other apart trying to get the next best thing,” he says. “That has basically driven the costs down to where they’re affordable: displays and sensors that used to be hundreds of dollars now cost pennies.” Oculus charges just $300 (£180) for a low resolution “developer kit” – a kit for companies interested in developing software for the device – and has shipped more than 40,000 worldwide, the biggest deployment of virtual reality headsets in history. It has raised $91million (£55.5 million) in investment funding and done this without actually having a product on the market: you can’t buy it in shops until next year.