Virtual reality will be â€œthe next mega tech themeâ€ and worth more than $60 billion in a decade, according to Piper Jaffray analystÂ Gene Munster.
â€œThe diverse applications of VR in combination with accelerating technological improvements will lead to mainstream adoption over the next 10 years,â€ Munster wrote in a report in May. â€œOur optimism around the theme is based on consumersâ€™ insatiable appetite for new tech experiences.â€
He singled out two companies as poised for biggest success: Facebook and Apple.
Facebook makes sense — they just bought Oculus, and they’ve got a giant social network. Virtual environments are great for socializing.
But Apple hasn’t officially done anything in virtual reality yet. You can use iPhones to access virtual reality apps — but those apps are written in other platforms, such as Google Cardboard.
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