Facebook (FB) Unveils $199 Oculus Go, Slashes Rift Price
Zacks Investment Research | Oct 11, 2017 10:50PM ET
In a bid to popularize its virtual reality offerings among the masses, Facebook Inc (NASDAQ:FB) has unveiled a new cheaper VR headset – Oculus GO. It carries a price tag of $199, much lower than Oculus Rift, which, at the time of its launch, carried a price tag of $599.
It is to be noted that apart from Rift and GO, Facebook also has another headset named GEAR VR (priced at $129) that can be paired with all Samsung (KS:005930) smartphones and works just like Oculus GO. However, GO is for people who don’t have a Samsung smartphone.
For some time now, Oculus has been weighed down by numerous problems. Rift, despite being one of the most anticipated products, received mixed reviews from critics and users. Its hefty price tag was a dampener. In addition, the expensive $599 headset (with Touch controllers for another $200) requires a powerful $1000 PC to operate.
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