Facebook, the Menlo Park, CA-based social media and technology giant and parent company of Oculus, announced this week that it is acquiring UK-based company Scape Technologies Ltd. (Scape) in a deal valued at $40 million. Scape is a computer vision startup, building the localization engine for city-scale augmented reality. About Facebook’s Augmented Reality Ambitions Facebook research teams have made extremely … Read More
Sony’s Virtual Reality Earnings – Revenues Tick Up, But Margins Trend Down
Clifton Dawson Devices & Technology, Head-Mounted Displays, Insight Articles, Quarterly Virtual & Augmented Reality Financial Health Tracker, Virtual Reality
Other revenues in the Sony Corporation’s Game & Network Services division that includes their Playstation VR unit increased 44% Q/Q, but fell 34% Y/Y in $US to $465M. It was the 1st quarter with revenues down Y/Y since Q3 of 2018. Operating margins in the Game & Network Services division were down for a second consecutive quarter.
Snap 4Q19 Results: Augmented Reality Lenses & Ads Engagement Rise
Clifton Dawson Apps & Games, Augmented Reality, Augmented Reality Intelligence Service, Insight Articles, Media & Entertainment
Snap Inc, the parent company of Snapchat, reported fourth quarter revenues of $561 million, up 44% year over year. Additionally, Snap’s daily active users for the past quarter averaged 218 million, up 17% year over year. But as Snap’s key business metrics accelerate, how have its investments in its burgeoning augmented reality platform faired?
Penumbra Launches new REAL Immersive System for the Physical Therapy Market
Clifton Dawson Enterprise Transformation, Enterprise xR Intelligence Service, Healthcare, Insight Articles, Virtual Reality
Traditional rehab services are used by millions of people annually who suffer disability from strokes and other neurological conditions. Traditionally, rehab is typically administered by physical and occupational therapists who try to help patients recover as much function as possible. This week at the American Physical Therapy Association’s annual conference for 35,000 professionals, global medical device company Penumbra, Inc., announced … Read More
National Retail Federation 2020: More retailers readying to use immersive technologies to drive customer engagement & operational efficiency
Clifton Dawson Augmented Reality, Enterprise Transformation, Enterprise xR Intelligence Service, Insight Articles
The National Retail Federation (NRF) held its annual Retail’s Big Show last week January 12-14 in New York City. NRF 2020 gathered 40,000 attendees to share visionary ideas and new technologies impacting the retail landscape. The Greenlight Insights team tracked the latest immersive technology trends shaping retail emerging from the conference.
In 2019, XR Venture Investment Edged Off Record Highs
Clifton Dawson Augmented Reality, Augmented Reality Intelligence Service, Insight Articles, Venture Capital, Private Equity, and M&A, Virtual Reality, Virtual Reality Intelligence Service
Across the last decade, virtual and augmented reality (xR) has grown from a blip on the radar of investors to a robust sector receiving $10.4 billion in venture dollars invested since 2014. In 2019, 202 xR startups raised $1.8B. Though a new xR company entered the public markets in 2019, exits were a somewhat mixed bag, with M&A slightly above … Read More
Samsung Developer Conference 2019: Bixby Views Promise to Scale Voice Assistants to Millions of Smart & Augmented Reality Displays
Clifton Dawson Augmented Reality, Augmented Reality Intelligence Service, Devices & Technology, Insight Articles, Interfaces
The Samsung Developer Conference 2019 (SDC19) took place October 29-30 in San Jose, CA. Along with new products for the Samsung SmartThings platform and new blockchain-powered services, Bixby Views was one of the biggest announcements from the conference. Bixby Views is an important announcement for Samsung as a core motivation for developers to support Bixby is its availability across hundreds … Read More