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The XR Week Peek (2022.11.07): PSVR 2 will cost $549, HoloLens are probably dead, and more!

The Ghost Howls

(Image by Sony Interactive Entertainment). Sony announces price and release date for PSVR 2. Sony Interactive Entertainment has finally announced that PSVR 2 will be launched on February 22nd, 2023 for $549. The collaboration between Microsoft and Samsung is now over. What will be important, anyway, will be the content.

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Big XR News from Meta, Microsoft, and Magic Leap

XR Today - Big XR News tag

Moreover, with significant firms struggling through Q1, official government bodies are also decelerating Metaverse growth out of competition fears. The company faces increased competition from other VR and AR companies, such as Sony and Apple. Microsoft first announced its acquisition in 2022.

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Meta and the next 24 months crucial for its leadership

The Ghost Howls

The Quest 2 is a great gaming machine offered at a ridiculous price, and it has totally crushed the competition. Not HTC, which has very little money compared to Facebook/Meta; not Valve, who is focused mostly on PC gaming; not HP which seems interested only in the pro/business market. No one can compete now.

Apple 529
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Video game publishers and developers are cutting off Russia, too

Mashable VR

The global business community is increasingly moving to isolate Russia for the war it's waging in Ukraine, and video games are no exception. Here's a rundown of what we've seen so far from key players in the video game space as efforts to isolate Russia have snowballed in the midst of Ukraine's calls for the industry to take action.

Russia 98
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VRTUOLUO talks about its FBEC event and the VR ecosystem in China

The Ghost Howls

With the enormous influence in the XR industry, VRTUOLUO has set up dozens of industry communities (such as the Industry Executives Association, VR Game Developers Community, VR Education Community, Financing and Investment Community, Offline Entertainment Group, etc.) and covered more than 80% of the XR pioneers as communities members.

China 314
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Tencent to Open Metaverse Division, Sources Say

XR Today - Mixed Reality tag

Tencent will form the new XR division under its Interactive Entertainment business group and develop the company’s software and hardware solutions under the leadership of Li Shen, Chief Technology Officer of Tencent Games , the sources explained in the report.

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Trends and predictions for XR in 2024

The Ghost Howls

The last cycle before this one was the Quest one, which started to make virtual reality known to the mainstream audience for what concerns games and fitness. Mark Zuckerberg has been incredibly smart in entering this field before all the others, so now he already has a strong headset with a great content catalog around gaming.

Trends 425