According to reports, Chinese electronics company XIaomi has decided to permanently shutter its consumer VR operations. Western and Chinese media outlets circulated a report stating that Xiaomi had fired the Mi VR Go development team, signaling its intent to discontinue development of the platform. Best known for its large smartphone and consumer electronics business, Xiaomi served as a key OEM … Read More
Global Location-Based Virtual Reality Spending to Reach $3.6 Billion in 2019, says Greenlight Insights
Alexandra Vidger Location-Based Entertainment, Press Releases, Virtual Reality
In 2023, the number of venues offering location-based virtual reality is expected to nearly double, to 24,500 global locations. San Francisco, August 5, 2019 — Virtual reality in location-based entertainment is set to reach $3.6 billion in 2019, according to Greenlight Insights important new report, 2019 Location-Based Virtual Reality Industry Report. This report includes global forecasts and analysis of the … Read More
Siggraph 2019: Virtual and Augmented Reality Highlights
Release Date: August 5, 2019 Subscribers Only This product is included in:
Immersion 2Q19 Earnings: Sony’s Haptic Products to Give Future Revenue Boost
Chelsea Mercer, Analyst Augmented Reality, Devices & Technology, Insight Articles, Interfaces, Virtual Reality
Immersion reported fiscal 2Q19 revenues of $8.74 million, up 42% year-over-year and beating the $8.68 million consensus estimate.
Alphabet Inc. 2Q19 Recap: Google’s Revenue Beats Estimates, VR/AR Strategy Now Centers on Visual Search
Ramon Conopio, Analyst Advertising, Apps & Games, Augmented Reality, Augmented Reality Intelligence Service, Devices & Technology, Insight Articles, Software, Virtual Reality
Alphabet Inc., the parent company of Google, reported fiscal 2Q19 revenues of $38.9 billion during the quarter, up 19% year over year and beating the $38.2 billion consensus estimate. Alphabet’s management also provided an update to investors and analysts about its current augmented reality-related roadmap.
With Intel Acquisition, Apple Prepares for 5G Adoption
J.C. Kuang, Analyst Augmented Reality, Augmented Reality Intelligence Service, Devices & Technology, Insight Articles, Semiconductors, Virtual Reality, Virtual Reality Intelligence Service
Several major media outlets reported on July 22nd that smartphone maker Apple may soon finalize the acquisition of Intel’s smartphone modem assets, including staff and intellectual property, to the tune of over $1 billion. The report suggests that the purchase could further strengthen the Cupertino, California-based company’s already considerable control over its supply chain. Our Perspective Despite the long road … Read More
Facebook Achieves Milestones in Virtual Reality Engagement, Consumer Spending
Chelsea Mercer, Analyst Devices & Technology, Head-Mounted Displays, Insight Articles, Virtual Reality, Virtual Reality Intelligence Service
Facebook reported fiscal 2Q19 revenues of $16.89 billion, up 28% year-over-year and beating the $16.49 billion consensus estimate. Payments & Other Fees revenue, which includes sales of Oculus Quest and Rift S, were $262 million for the quarter, up 36% year-over-year.