AfterDawn: Tech news

Oculus to sell its Rift VR headset 'at cost'

Written by Andre Yoskowitz @ 12 Jun 2014 1:51

Oculus to sell its Rift VR headset 'at cost' Oculus VR founder Palmer Luckey is sure to have made consumers happy with his latest comments, saying that the company will sell the Rift VR headset at cost, with the company not looking to make a profit on them.
"We're going to be selling it at cost," Luckey said in an interview. "Whatever it costs us to make, that is what we're going to sell it for."

Facebook recently acquired the startup for over $2 billion, ensuring that Oculus has enough funding to survive whether or not they turn a profit or not, ever. "If we were running purely on our own and trying to make money just from hardware, we would need to make enough profit from each unit to pay for running the company for several years, until we launched the next one," said Luckey, clearly happy to have been acquired by the social media behemoth.

Of course, the company has plenty of ways to make money without profiting on the actual hardware. Oculus is likely to obtain licensing fees from game developers, especially for games that can only be played on the VR headset. This would be considered the "console model" currently enjoyed by Nintendo, Sony and Microsoft.



So far, only developer backers on Kickstarter have received any form of the headset, with consumers eagerly awaiting their own. Luckey says there will be game demos by next year's E3, but there is still no time table for an official consumer release.

Source:
Stuff

Previous Next  
Comments have been disabled for this article.

Latest news

Sony suspends memory card sales because memory chips are simply not available Sony suspends memory card sales because memory chips are simply not available (28 Mar 2026 6:49)
Sony has announced that it is temporarily suspending the sale of memory cards used in mobile phones and digital cameras, among other things. The company states that the reason is problems with the availability of memory chips.
Austria plans to ban social media for under 14 year olds Austria plans to ban social media for under 14 year olds (28 Mar 2026 6:17)
Austria is planning to ban social media for children under 14. The reform aims to protect children from harmful effects and addictions, but at the same time, it is problematic from a privacy perspective.
TP-Link urges users to update their routers - several vulnerabilities patched TP-Link urges users to update their routers - several vulnerabilities patched (26 Mar 2026 1:56)
Serious security vulnerabilities have been discovered in several TP-Link router models, for which patches were released at the end of March 2026. The company urges users to update their router software immediately.
Google: The feared Q-Day is now expected to happen in 2029 Google: The feared Q-Day is now expected to happen in 2029 (25 Mar 2026 4:32)
Google has advanced its estimate of when current forms of encryption will become insecure. The moment is called Q-Day, or Quantum Day, when the computational power of quantum computers will be sufficient to break currently used encryptions.
OpenAI shuts down its AI video service Sora OpenAI shuts down its AI video service Sora (24 Mar 2026 6:28)
OpenAI has decided to shut down Sora, its AI video creator, just months after its release. The decision is due to issues such as copyright problems and the deepfake phenomenon.

News archive