22Jan/19Off
VR on course to fail again as investment declines amid low user base
“There have been some great advances in various pieces of the technology but as a whole it’s not grandma-proof,” says Venky Ganesan, a partner at Menlo Park-based venture capital firm Menlo Ventures.
Last year, seven million VR headsets shipped globally, according to an estimate by research firm IDC. That’s a fraction of the nearly 100 million smart speakers shipped in 2018, according to IDC’s forecast.
“The hardware needs to come to the point where people en masse will purchase it,” says Kobie Fuller, a partner at Upfront Ventures, a Santa Monica venture capital firm.
See the full story here: https://www.scmp.com/lifestyle/gadgets/article/2182732/vr-course-fail-again-investment-declines-amid-low-user-base