What Does Oculus's $100 Million Milestone Really Mean?
Facebook's (NASDAQ: FB) Oculus is unquestionably the market leader in virtual reality headsets in 2020, and given the current competitors, I don't see that changing anytime soon. The Oculus Quest has made six-degrees-of-freedom virtual reality attainable for the masses, and expanded the ecosystem of headsets for consumers. The recent announcement of $100 million in content sales is a testament to the device's success.
As big as Oculus is, though, it's a bit player in technology overall. Its installed base is only a few million headsets, and only a fraction of the population has an understanding of virtual reality. Here's a look at Oculus's hits and misses over the last few years.
Image source: Oculus.
Source Fool.com
