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Mark Zuckerberg speaks out on expectations for virtual reality

Facebook went ahead and acquired Oculus earlier this year, giving the company the funding it needed to continue perfecting its virtual reality headset. However, Zuckerberg isn't looking to rush this new technology, in-fact, he's pretty certain that the Oculus Rift will take a few cycles and “a bunch of years” to become truly mainstream.

During a Facebook quarterly earnings call today, Zuckerberg talked a little bit about his long term plans for virtual reality, stating that it “needs to reach a very large scale, 50 to 100 million units, before it will really be a very meaningful thing as a computing platform”.

Oculus-Crescent-Bay-Prototype-Introduces-New-Display-360-Head-Tracking-Integrated-Audio-459449-3-e1411993757357

He went on to explain to investors that VR success is hard to predict but he thinks it will take “a bunch of years” to get there: “I don't think it's going to get to 50 or 100 million units in the next few years, right? That'll take a few cycles of the device to get there.”

Earlier this month we found out that Oculus actually lost money developing its prototype after its Kickstarter. The company clearly needed more money to continue development and Facebook stepped in to provide the funding. There has been concerns that Facebook will ruin Oculus but everything seems fine so far, Zuckerberg doesn't seem to be in a rush to earn that $2 billion back:

“When you get to that scale, that's when it starts to be interesting as a business, in terms of developing out of the ecosystem. So when I'm talking about it as a 10-year thing, I'm talking about building the first set of devices, and then building the audience and the ecosystem around that, until it eventually becomes a business.”

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KitGuru Says: Mark Zuckerberg isn't exactly struggling for cash so its good to see him giving Oculus the space and time it needs to develop the Rift. From what we can tell, there's no financial pressure to get the headset out as fast as possible, which should lead to a better product. Have you guys changed your mind about Facebook acquiring Oculus? Do you still have concerns about it? 

Source: Polygon

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6 comments

  1. Just hurry up and get a consumer version out, I am not a patient person at the best of times. All this waiting is killing me…..

  2. There’s two options:

    1. sooner release – cruddy product.

    2. later release – better product.

    Later > Sooner

  3. I do not concern myself that much about Facebook acquiring Oculus Rift. After finding out that Oculus grossly underestimated the money needed for this, I am actually glad that they’re bought, as I’ve always dreamt of something like this.

    I see a huge potential, but I am wary that it might also become like 3D TVs (A spike of popularity, and a sudden decline.)

  4. The one thing that eerked me was when the team talked about the issue of ‘hardware demands’ that are required to play a game at 50-60fps with it.

    It feels like they’re now delaying it so that even the non-PCgamers can use it. Which is a bit annoying since it was originally meant to be a gaming peripheral!

    If it’s not out by the end of 2015 I’m just gonna go with a competitor’s product…

  5. Søren Chr. Nielsen

    I think that one of the important factors here, is the fact that it was initially a partly crowd-funded project, so the demand is already there.

  6. the consumer version was originally supposed to be out by the end of this year or early next year, My impatience is because I am so tempted to get the devkit2 but I know as soon as I purchase one and it arrives they will start selling the consumer version.

    When you get to my age you realise that somethings are indeed worth waiting for, however I don’t want to be dead before they turn up :).