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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

2

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
TechVirtual Reality

Playstation VR Sales Beat Even Sony’s Expectations

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David Z. Morris
David Z. Morris
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By
David Z. Morris
David Z. Morris
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February 26, 2017, 5:05 PM ET
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Sony has for the first time disclosed sales numbers for its Playstation VR headsets, telling the New York Times that 915,000 of the units have sold since its October release. That puts Sony on track to beat its goal to sell one million within six months.

That unexpected success has led to shortages of Playstation VR in stores, particularly in Japan.

The numbers are at least a partial validation of VR’s marketplace potential, at a moment when years’ worth of hype, and the question of actual consumer interest, have been somewhat overshadowed by controversy.

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Earlier this month, Sony competitor Oculus Rift was hit with a $500 million judgment for violating a nondisclosure agreement with Zenimax, though a jury decided Oculus had not stolen trade secrets. There was also controversy last fall surrounding Oculus founder Palmer Luckey’s political involvements.

Meanwhile, Magic Leap, developers of so-called “augmented reality” gear that could be considered a VR competitor, have been accused of misleading marketing tactics. Some question whether they can fulfill their promises and bring a product to market.

In the meantime, Oculus and the third major player in VR, HTC’s Vive, have performed modestly. Analysts put sales at 500,000 for the Vive and 400,000 for Oculus’ Rift headset. An Oculus representative has said that “VR is going to start small and grow into something huge.”

The big difference between Playstation VR and Oculus and Vive sales can be most obviously attributed to two linked factors: platform and price. Playstation VR is a $500 accessory to the sub-$300 Playstation 4. The Vive and Rift are $800 and $600, respectively, and require a high-performance PC that costs an absolute minimum of $500. And reviewers have said all the platforms provide a fairly comparable experience.

As Playstation’s new numbers show, that kind of financial math is hard to overcome.

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