SuperData Research reduced its 2016 virtual reality revenue outlook by 30%. The company expects to sell 16.8 million mobile VR instruments within 2016 end.
Tags: Virtual Reality
Meta's Reality Labs Faces Layoffs Amid Push for Efficiency in VR Development
Meta lays off staff in Reality Labs as it restructures VR and AR teams to boost efficiency.
Microsoft Confirms Mixed Reality Layoffs Despite Still Selling HoloLens Headsets
Microsoft announced that it was cutting some of the jobs at its augmented reality department in its constant restructuring and shift from AR to artificial intelligence.
Metro-Goldwyn-Mayer Invests In Virtual Reality Firm Survios
Virtual reality firm Survios has raised a total of $50 million in its round of funding, including an investment by Hollywood studio Metro-Goldwyn-Mayer.
IMAX Funds VR Branding With $50 Million
With the growing demand for technology innovation nowadays, IMAX is on its way to fund the popularization of virtual reality in the limelight.
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Blippar has a total funding of $55 million in Series D including those from its present investors which CEO and founder Ambarish Mitra called as investors with 'long-term vision'. The said fund will be used to 'power the future of visual discovery'.
MindMaze has secured a total of $100 million funds from an early round led by India’s Hinduja Group. MindMaze, which until now is focusing on developing virtual reality interfaces in the healthcare sector aims to form future contracts and service centers, as well as expanding the technology for other uses in the form of gaming, educational and fitness applications.
HTC has recently introduced its first virtual reality headset in Taipei during its HTC Vive tour early this week.
NASA and Sony continues their research for Virtual Reality. The project is called 'Mighty Morphenaut' that uses PSVR to train operators to control robots.
The release date for 'Xing: The Land Beyond' on PS4 is officially set on 2016. A new game Xing: The Land Beyond for PS4 is scheduled to arrive on 2016.
It is to everyone's knowledge that there is a growing demand for virtual reality technology in the global market. It has enabled many tech-oriented companies to step up the ladder to acquire the technology to upgrade their sales and reputation, Apple being one of them.
Tech-oriented companies are in a race of adding spice to their ideas of introducing different gadgets. Playing 2D and 3D games are common nowadays, but the actual feeling of being present in a virtual world is somewhat more interesting.
Facebook CEO, Mark Zuckerberg believed the future of social network is in Virtual Reality. Last year, Facebook acquired Oculus, a VR company. Now they partner with Samsung to make mobile VR experience come to life.
Apple and Irish band U2 collaborated on a 360-degree U2 music video produced by Vrse App, a platform for original VR content. The U2's "Song for Someone" music video is Apple's first experiment in mixing VR and music videos.
