Daily Report: Virtual Reality Has Not Quite Arrived | New York Times

Photo: Jim Kerstetter

"It’s still very possible that virtual reality will be a hit, but not until there’s more content available and the cost of equipment comes down." summarizes Jim Kerstetter, deputy technology editor at The New York Times.

Photo: GraphicStock.com

Technology products often go through a hype cycle: It starts with excessive enthusiasm (the hype), then it moves into a period of disillusionment (the anger). And, finally, reality. 

As Nick Wingfield writes, virtual reality gadgets — perhaps the most hyped new consumer electronics category of the last few years — appear to be sliding into that period of disillusionment. That’s not to say virtual reality won’t be a hit. Just not quite yet. At least not until there’s more virtual reality content available and the cost of equipment comes down.  

When Facebook acquired the start-up Oculus for $2 billion nearly three years ago, the assumption was that Mark Zuckerberg, Facebook’s chief, was betting on the next big thing in technology. 
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Source: New York Times