Metaverse device usage to surge

The number of ‘metaverse’ devices will double over the next two years.  According to Strategy Analytics latest forecast, the installed base of VR and AR headsets will surge from 50 million in 2022 to more than 100 million in 2024. By 2027, the company predicts that the number of metaverse devices in use will approach […]

Mark Zuckerburg confirms Meta’s next VR headset will launch in October

Facebook owner Meta will launch its next VR headset in October. The company has seen huge success with the Quest 2 (formerly Oculus Quest 2) standalone VR headset which combined aggressive pricing, low technical requirements and a wide platform of apps and games to sell more than 14.8 million units since launching in late 2020. […]

Meta Quest 2 fuels comeback for VR in 2021

The VR/AR market saw a dramatic increase in shipments in 2021, as Meta’s low-cost Quest 2 headset saw mainstream adoption. According to IDC, the worldwide market for augmented reality and virtual reality (AR/VR) headsets grew 92.1% year over year in 2021. Shipments reached 11.2 million units, with half of that total coming in Q4. The […]

NBCU streams Winter Olympics coverage in 8K VR

NBCUniversal has launched the NBC Olympics VR by Xfinity app. The app will see NBCU stream more than 150 hours of live and on demand interactive virtual reality coverage of the ongoing Beijing Winter Olympic Games in 8K resolution. The app was developed in collaboration with product and technical teams across NBCU and Comcast.  The […]

Cinedigm brings trio of streaming channels to Nreal AR glasses

Streaming company Cinedigm has launched a partnership in AR innovator Nreal. The deal will see three of Cinedigm’s most popular channels to Nreal’s newly introduced AR “TV” app. Three channels –  Bloody Disgusting TV, Realmadrid TV and CONtv – will be made available to Nreal Light AR glasses owners, giving them the ability to watch […]

Standalone Apple AR headset to launch in late 2022 claims analyst

More details have emerged of Apple’s planned augmented reality (AR) headset, with reports claiming that the standalone device could be comparable to a Mac in terms of computing power. According to a research note from analyst Ming-chi Kuo and seen by MacRumours, the device will be released in Q4 2022 and will be powered by […]

Accedo brings streaming to Nreal AR glasses

Accedo has announced a partnership with Augmented Reality (AR) glasses brand Nreal to offer Extended Reality (XR) viewing for video consumers. The partnership will enable OTT providers to bring content to Nreal’s lightweight AR glasses. Accedo XR, is a cross-platform solution that allows video providers to quickly launch Extended Reality (XR) experiences, using templated designs. […]

VR market set for significant growth to more than US$50 billion in revenues

The global VR market is set to exceed US$56 billion in revenue by 2026. According to new stats from ABI Research, the VR market will grow following the bursting of the bubble created around location-based VR. Home use, particularly around gaming, remains a stable growth area, while interest is slowly returning for public usage in […]

ByteDance acquires VR maker Pico

ByteDance, the parent company of TikTok, has acquired Chinese VR headset maker Pico.  The deal was confirmed to CNBC by ByteDance, and sees the company make its first foray into virtual reality.  In a statement, ByteDance said: “[Pico’s] comprehensive suite of software and hardware technologies, as well as the talent and deep expertise of the […]

Oculus Quest 2 drives VR shipments

Facebook led the way for VR shipments in the first quarter of the year. While enthusiasm for virtual reality has dipped in recent years, the market experienced a surge in interest when Facebook-owned Oculus released its standalone Oculus Quest 2 headset in late 2020 at a high quality and low cost.  The launch saw standalone […]

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