When Palmer Luckey created the first Oculus Rift virtual reality (VR) head-mounted display (HMD) he wanted VR to be a success but couldn’t have for seen how much it would snowball in the coming years. When Facebook bought Oculus VR in 2014 for $2 Billion USD, Luckey now had the backing of Mark Zuckerberg, and the Facebook cofounder knew VR had a definite future.
In a conference call this week Zuckerberg, along with COO Sheryl Sandberg and CFO David Wehner outlined the state of the company, its latest earnings and the its future plans including VR.
Reported in Wired, Zuckerberg said: “There’s this continued progression of people getting richer and richer ways to share what’s on their mind. So if you go back ten years, most of how people communicated was through text. We’re going through a period where now it’s mostly visual and photos. We’re entering into a period where that’s increasingly going to be video—and we’re seeing huge growth there. But that’s not the end of the line.”
“There’s always a richer way that people want to share and consume thoughts and ideas. And I think immersive 3D content is the obvious next thing after video,” he added.
And with Facebooks massive size, the company is perfectly placed to push VR into the mainstream. Facebook’s daily active user base was up to 968 million, while its monthly active user base now stands at a giant 1.49 billion people.
VRFocus will continue to report any further announcements from Oculus VR and Facebook.