Find the latest OCULUS VISIONTECH INC (OVTZ) stock quote, history, news and other vital information to help you with your stock trading and investing. Although the coronavirus … Facebook's announcement wasn't surprising, since a Nikkei report in July claimed the tech giant would ramp up its production of Oculus headsets by up to 50% this year with a target of 2 million devices. But the upcoming launch of the Quest 2 could significantly expand Facebook's lead against its rivals in the nascent VR market for three simple reasons. SuperData estimates stand-alone VR headsets accounted for 49% for all VR headset sales last year. His wheelhouse includes cloud, IoT, analytics, telecom, and gaming related businesses. A low price tag and pent-up demand. As Facebook heads towards a likely Oculus Quest 2 and a future for VR that may leave the PC behind, having a way to put experimental apps on … Facebook Inc. has boosted production on its Oculus virtual reality (VR) headset to nearly double the production compared to last year.According to a July 15 report from Nikkei Asian Review, the social media site has reacted to the uptick in COVID-19 cases throughout the world by calling for a production increase in the second half of 2020. Looking past the virus pandemic, there are reasons for investors to remain optimistic about Facebook stock. So far, businesses have closed due to coronavirus. People may receive compensation for some links to products and services on this website. Market Realist is a registered trademark. In … “ Acquisition positions Facebook to accelerate Oculus’ growth in gaming, communications, and new social experiences.” Unlike most other VR sets, it won't require a … Facebook (NASDAQ:FB) stock fell 12% last week. Facebook's decision to ramp up Oculus production -- then slash its price to $299 -- indicates it plans to make up for lost time. Facebook has stated that once the current stock of Oculus Rift S headsets dries up, the company won't be replenishing it with new … Facebook won't replenish Oculus Rift S stock, will focus on the Oculus Quest 2 - Flipboard The Quest 2 costs $299, $100 less than the original Quest, and will start shipping in 22 countries on Oct. 13. So far, the Quest device, which starts at $400, has been a major hit. © Copyright 2021 Market Realist. Oculus devices are back in stock, but Facebook still worries about supply constraints. Facebook's line of PC-only VR headsets ends as Rift S stock dries up The Oculus Rift line is coming to an end. Follow him on Twitter for more updates! The Oculus Quest 2 won't significantly reduce Facebook's dependence on ads, which still accounted for 98% of its revenue last quarter. Within the stand-alone market, the Oculus Quest only faced a few smaller competitors -- most of which used Alphabet's (NASDAQ:GOOG) (NASDAQ:GOOGL) discontinued Daydream VR platform. Baird Thinks Another 40 Percent, As Cathie Wood Knows, Skillz (SKLZ) Stock Is a Bargain, Everything About 5G Explained—Patents, Royalty Charges, and Outlook. The deal truly put Oculus Rift on the map as a legitimate player in the virtual reality space. Shares of Facebook … Company profile page for Oculus VR Inc including stock price, company news, press releases, executives, board members, and contact information It was bought out by a little company known as Facebook (NASDAQ:FB) for a cash and stock deal valued at $2.3 billion. Companies have asked their employees to work from home to avoid spreading or catching the deadly coronavirus. If Facebook continues to refine its headsets and expand its VR platform of games, media, and social experiences, it could greatly extend its reach beyond PCs and mobile devices and widen its moat against its tech ecosystem rivals. In 2016, Facebook launched Oculus' first consumer headset, the Rift CV1. Cumulative Growth of a $10,000 Investment in Stock Advisor, 3 Reasons Facebook's Oculus Quest 2 Will Expand Its VR Market @themotleyfool #stocks $FB $GOOGL $SONY $GOOG. Leo is a tech and consumer goods specialist who has covered the crossroads of Wall Street and Silicon Valley since 2012. Back in late April, Facebook CEO Mark Zuckerberg claimed the Quest "surpassed" the company's expectations, and said he wished the company could "make more of them faster" throughout the COVID-19 crisis. It seems that as far as Facebook is concerned, tethered virtual reality headsets are a thing of the past. Although the coronavirus pandemic could boost the demand for Oculus devices, it has impacted Facebook stock. Are Investors Still Underestimating Facebook? Market data powered by FactSet and Web Financial Group. Facebook capitalized on that early lead to expand Oculus' portfolio with the Rift S, which succeeded the CV1 last year, and its Go and Quest stand-alone headsets -- which didn't need to be tethered to PCs. Returns as of 05/07/2021. Facebook Horizon is an ever-expanding VR world to explore, play and create. However, Facebook wants to diversify its revenue sources. Oculus has denied the allegations and in a statement to Bloomberg the company said "ZeniMax did not contribute to any Oculus technology." Oculus is a brand of Facebook Technologies, LLC (formerly known as Oculus VR, LLC), a subsidiary of Facebook Inc. After a hyped Kickstarter campaign, a Facebook acquisition, several developer kits and a few delays, the original Oculus Rift began shipping its first units in early 2016. In May 2019, Facebook released new versions of Oculus virtual reality headsets into the market. Facebook also announced that if the existing supply of Oculus Rift S headsets runs out, the company will not replenish it with new units, effectively ending the product. The Oculus unit is central to the company’s efforts. But it will likely extend Facebook's lead in the VR headset market, and put it in pole position to profit from the growth of the VR market -- which could still grow at a compound annual growth rate of 21.6% between 2020 and 2027, according to Grand View Research. Facebook reportedly shipped 705,000 Quest headsets last year, according to SuperData, but its rumored production goal of 2 million headsets this year -- and its decision to align its entire headset business behind the Quest 2 by discontinuing the Go, Rift S, and first-gen Quest -- suggests its shipments could easily double in 2020. Table of Contents [ show] If Oculus Stock Could Be Bought Is Discovery Stock Better Than ViacomCBS Stock? released new versions of Oculus virtual reality headsets, $27 billion virtual reality hardware and software market. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Get the latest Facebook, Inc. Common Stock (FB) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Facebook Stock Is Still an Absolute Bargain, 2 Must-See Takeaways From Facebook's Earnings Call, Copyright, Trademark and Patent Information. Defy reality with Oculus. Oculus has a winner in their hand with Oculus Quest. Its high-end headset, the Oculus Rift, was still a pricey device aimed at developers instead of consumers. "Even if Oculus fails to capture the gaming population, Facebook's stock should not suffer as the mobile expansion of Facebook's platform will outweigh the failed headset. Facebook Inc. FB, -0.53% agreed to pay nearly $2 billion in cash and stock to acquire virtual reality goggle maker Oculus VR Inc. Facebook said it … Notably, the coronavirus has impacted manufacturing. The Oculus Link also allowed gamers to quickly alternate between stand-alone and PC-tethered games. When Facebook (NASDAQ:FB) acquired Oculus for $3 billion in 2014, the company made some promises to the company's founders and users. That expansion enabled Facebook to top the VR headset market with a 35% share last year, according to Trendforce. How High Could Nvidia Stock Go? Recently, Facebook acquired virtual reality game developers Beat Games and Sanzaru Games to bolster Oculus’s content division. Defy distance, discover extraordinary experiences, explore communities and be inspired by others. Specifically, the device helps Facebook obtain new customers. The Oculus Rift S will be sadly missing. Therefore, Facebook will likely sell the Quest 2 at a loss to plant the seeds for the growth of its VR ecosystem -- which could eventually support Zuckerberg's long-term goal of turning VR into a full-fledged computing platform for over a billion users. View real-time stock prices and stock quotes for a full financial overview. Facebook can likely take a loss on each Quest 2 headset for two simple reasons. Offers may be subject to change without notice. 2,619 talking about this. The Quest 2 sports a higher-resolution screen, a faster processor, and a lighter frame than the original. The company derives most of its revenue from selling ads. What this means for Facebook is very much up … All Rights Reserved. The Oculus Rift S and Quest are still out of stock, so in the US Facebook is temporarily selling a “limited supply” of refurbished original Rifts for $299. The demand for Oculus devices continues to spike as the coronavirus continues to spread, which results in stock-outs. Coronavirus fears continued to drive the sell-off in stocks around the world. Five years after its $2 billion purchase of Oculus, Facebook is still pushing forward in its efforts to bring virtual reality to a mainstream audience. Oculus, Facebook’s virtual reality business, is one source of optimism. Bringing the world closer through the power of virtual reality. Stock Advisor launched in February of 2002. And landed Facebook a much desired foot into the gaming and virtual reality world. Facebook continues to be the leader in the virtual reality industry, a spot it claimed for itself when the company purchased Oculus in 2014. We’re motley! The Quest seemingly struck the right balance between phone-based VR headsets, which offered less immersive experiences, and PC-based VR headsets, which required cumbersome cables and high-end hardware. Second, it can recoup those costs by retaining a 30% cut of VR content sold on the platform. Therefore, Facebook’s acquisition of Beat Games and Sanzaru Games is part of its efforts to address the virtual reality content problem. Facebook on Wednesday introduced the $199 Oculus Go, a virtual reality headset that will launch next year. It can play the same games as the original Quest, as well as PC games via the Oculus Link cable. The division produces virtual reality headsets, including the Oculus Rift and Oculus Quest lines.. Through Oculus, Facebook has its sights on the $27 billion virtual reality hardware and software market. The boost from the Oculus unit helped Facebook record a 26.3% increase in its non-advertising revenue to $1.0 billion in 2019. But Oculus stock is not publicly traded, so if you want to own a portion of this virtual reality company, you must buy Facebook stock. Now, the stock trades at more than a 30% discount to its 52-week high. Back in late April, Facebook CEO Mark Zuckerberg claimed … Facebook says Oculus Rift S headsets “generally” won’t be replenished as they disappear from store shelves, marking the end of the virtual reality system’s life span. Facebook stock rose on the day the Quest headset went on sale. The flagship was Oculus Quest. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Notably, the coronavirus has impacted manufacturing. Analysts project a $30 billion market for virtual reality by 2020. The Quest 2 is still $100 more expensive than the weaker stand-alone Go, which lacked six degrees of freedom (6DOF) movement, but customers were clearly willing to pay $399 for the first-gen Quest's beefier hardware and 6DOF capabilities. In a Tuesday afternoon shocker, Facebook announced it is buying hot virtual reality gaming company Oculus VR for $2 billion. The device cost $600 and needed to be tethered to a high-end gaming PC, but it gave Facebook a first-mover's advantage in the VR headset market. Facebook's $2 billion bet on virtual reality has yet to pay off, but the company isn't giving up just yet: A lighter, more powerful version of the Oculus Quest headset is reportedly in the works. Back in May, Facebook announced it sold over $100 million in VR content for the Quest over the past year -- which implied each Quest owner bought roughly over $140 in content for their headsets. The acquisition raised eyebrows, since Oculus hadn't launched a single commercial product yet. Even with the recent coronavirus sell-off, Facebook stock has still risen more than 130% since it acquired Oculus in 2014. Our VR headsets redefine digital gaming & entertainment. At this rate, it will be tough for any new competitors to enter the stand-alone headset market. What will the Oculus Rift do for Facebook stock? Currently, the virtual reality market suffers from a content shortage, which hampers its rapid growth. The company hopes that content availability will enable Oculus to maximize its opportunities. OVTZ | Complete Oculus Visiontech Inc. stock news by MarketWatch. The last version of the headset, the Oculus … With more people staying at home, devices like Oculus virtual reality headsets have experienced increased usage. Facebook Stock (FB) Forecast 2017 Much of the case revolves around the hiring of Oculus’s chief technology officer, John Carmack. For those of you playing along at home, that means Facebook purchased Oculus VR for $3 billion total — not the $2 billion that was reported in 2014. Sony (NYSE:SONY), which ranked second, doesn't directly compete with Facebook because its VR headsets are tethered to its PS4 consoles. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Facebook’s Oculus unit offers virtual reality devices and the content that goes with them, mainly games. Learn more about Quest 2, our most advanced all-in-one VR system yet. Last week, Facebook revealed that 90% of the customers who purchased the Quest headset during the 2019 Christmas holiday were new to the Oculus platform. Oculus devices are back in stock, but Facebook still worries about supply constraints. The big turning point for Oculus came in 2014. Facebook (NASDAQ:FB) recently introduced the Oculus Quest 2, its third stand-alone virtual reality (VR) headset. Six years ago, Facebook acquired Oculus for $2 billion in cash and stock. Acquisition positions Facebook to accelerate Oculus’ growth in gaming, communications and new social experiences MENLO PARK, CALIF. – March 25, 2014 – Facebook today announced that it has reached a definitive agreement to acquire Oculus VR, Inc., the leader in immersive virtual reality technology, for a total of approximately $2 billion. And yes, Oculus is Owned by Facebook On March 25, 2014, Facebook spent $2 billion to acquire Oculus. In the future, Facebook plans to make the Oculus … First, it can easily offset those losses with the growth of its core advertising business. And within two years Facebook acquired Oculus VR for approximately $2 billion in cash and stock. 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