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Tech Giants Rush to Develop VR Headsets – Economist

The world’s biggest tech companies are convinced that what has long been a niche market may be on the brink of becoming something much larger

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Camilla, Duchess of Cornwall, right, and her husband Charles, Prince of Wales (second from right), watch a virtual reality demonstration at Meta's London office in March. Photo: AFP


With eyes like saucers, nine-year-old Ralph Miles slowly removes his Quest 2 headset, The Economist reported. “It was like being in another galaxy!” he exclaims. He has just spent 10 minutes blasting alien robots — all the while seated silently in the home-electronics section of a London department store.

Sales assistants bustle around, advertising the gear to take home today. “That would be sick!” enthuses Ralph. Nearly every big technology firm is rushing to develop a virtual reality or augmented reality headset, convinced that what has long been a niche market may be on the brink of becoming something much larger.

Read the full report: The Economist



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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.


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