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VR HMD’s will generate $895 million in 2016
The emerging virtual reality industry is expected to make $895 million in revenue over the course of 2016, according to market research group Strategy Analytics. The study indicates 77 percent of this increase is set to be accounted for by high-end headsets like the Oculus Rift, HTC Vive and Sony’s upcoming PlayStation VR. However, the study also notes these high-end devices will only account for 13 percent of all sales in terms of volume for 2016, with lower priced smartphone-connected headsets grabbing a 12.8 million unit market share. [Read more…]