Facebook reported fiscal 4Q19 revenues of $21.1 billion, up 25% year-over-year and narrowly beat the $21.08 billion consensus estimate. Payments & Other Fees revenue, which includes sales of Oculus Quest and Rift S, were $346 million for the quarter, up 26% year-over-year.
Greenlight Perspective 2020: Virtual Reality Becomes Truly Cable-Free
Ramon Conopio, Analyst Devices & Technology, Head-Mounted Displays, Insight Articles, Virtual Reality, Virtual Reality Intelligence Service
One of the biggest advancement of 2019 was the release of the standalone Oculus Quest headset, which delivers immersive virtual reality experiences without an external, tethered PC. Having its own processor restricts the device to a lower display resolution and lower refresh rate. To solve this, the company introduced Link, a feature that gives Quest access to Rift content and … Read More
Oculus Connect 6: Next Chapter to Immersive Technology
Ramon Conopio, Analyst Apps & Games, Augmented Reality, Augmented Reality Intelligence Service, Devices & Technology, Enterprise Transformation, Enterprise xR Intelligence Service, Head-Mounted Displays, Imaging & Video, Insight Articles, Location-Based xR Intelligence Service, Media & Entertainment, Software, Virtual Reality, Virtual Reality Intelligence Service
Virtual and augmented reality-enthusiasts will have a taste of what’s next in immersive technology at the 6th annual Oculus Connect 6 (OC6) happening on September 25th and 26th. Here are some of the trends Greenlight Insights expects to be center stage at the conference: CONTENT CREATION and DEVELOPMENT With a suite of first-generation VR products, Oculus is focusing more on … Read More
Kopin 2Q19 Earnings Recap: Kopin Sells Golden-i™ Infinity Smart Screen to RealWear
Ramon Conopio, Analyst Augmented Reality, Augmented Reality Intelligence Service, Devices & Technology, Head-Mounted Displays, Insight Articles, Semiconductors
Kopin reported fiscal 2Q19 revenues of $9.1 million, up 54% year-over-year and beating the $7.2 million consensus estimate.
Alphabet Inc. 2Q19 Recap: Google’s Revenue Beats Estimates, VR/AR Strategy Now Centers on Visual Search
Ramon Conopio, Analyst Advertising, Apps & Games, Augmented Reality, Augmented Reality Intelligence Service, Devices & Technology, Insight Articles, Software, Virtual Reality
Alphabet Inc., the parent company of Google, reported fiscal 2Q19 revenues of $38.9 billion during the quarter, up 19% year over year and beating the $38.2 billion consensus estimate. Alphabet’s management also provided an update to investors and analysts about its current augmented reality-related roadmap.
NexTech AR Solutions Targets 10x Revenue Growth in 2020
Ramon Conopio, Analyst Augmented Reality, Enterprise xR Intelligence Service, Insight Articles, Software
NexTech AR Solutions Corp. (NexTech) reported fiscal year 2018 gross revenue of $1.6 million with a gross profit of $0.8 million. NexTech plans new product launches targeted for September of 2019 and continuing quarterly into 2020 will continue to drive growth in its AR e-commerce division. Gross margin target in 2020 towards 60-70% with more software revenue added to the … Read More