Quest has a lot of momentum and VR consumer software revenue is also expected to surpass $1 billion this year, SuperData reports.
The standalone VR headset will get even better in 2020 as Oculus seeks to 'reduce the barriers of entry to VR for people who may not be familiar or comfortable with gaming controllers.'
Wise and Schwartz left their positions at Owlchemy Labs in June 2018, shortly after the Austin-based studio was acquired by Google. The two VR mad scientists flew back east to raise the capital they would need to establish a new kind of XR studio.
Wang says the time is right to hand the reins over after helping HTC transform into a 5G- and XR-ready company.
The VR subscription service has made its way to several platforms.
Nate Mitchell has left, marking the end of an era, as all the original Oculus leaders are no longer at the company.
Known for its tabletop-to-digital conversion of Terraforming Mars, Onitama, and the upcoming Mansions of Madness: Mother's embrace, Lucky Hammers has been forced to close its doors and lay off nearly 70 staff members.
Niantic's highly anticipated AR game Harry Potter: Wizards Unite is now live on iOS and Android. While the game is performing well in terms of revenue and downloads, its success lingers behind Pokémon Go due to AR's increasingly mainstream success.
It may be an uphill battle for the VR company, but the suit against Nreal is important to show potential investors that Magic Leap is willing to fight for its intellectual property.