Facebook's Oculus Inches Closer to the Mainstream

Last week, Facebook (NASDAQ: FB) subsidiary Oculus announced a new stand-alone virtual reality (VR) headset called Oculus Go at its Oculus Connect annual developer conference. The device, which will launch in early 2018, is notable for two important reasons: its price point and its independence from a PC.

Oculus Go will be priced at an aggressively affordable $199, and does not rely on being tethered to a high-end PC to do all the heavy lifting. Facebook confirmed it was working on a prototype stand-alone VR headset (code-named "Santa Cruz") a year ago, which would be positioned between mobile-based VR (when you strap a smartphone to your face with an accessory) and PC-based VR. Oculus Go is the product of those efforts, although the company also showed off an updated version of its Santa Cruz prototype that will be intended for developers.

Mark Zuckerberg unveils Oculus Go at Oculus Connect 4 last week. Image source: Facebook.

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Source: Fool.com