According to the latest reports from Nikkei Asian Review, Facebook and Sony are preparing to increase the production of gaming devices by up to 50%.
The source behind this report is said to be someone with direct knowledge on the subject, who is quoted as saying, “The new Facebook Oculus VR headset will go into mass production in late July.”
During the global pandemic, sales of gaming devices skyrocketed as people got stuck at home and had little to do. As a result, things like VR headsets have been consistently sold out as people are looking for new ways to entertain themselves.
This surge in market demand has prompted technology giants Sony and Facebook to focus their attention on their gaming devices.
Oculus increases production to 2 million units
Facebook’s Oculus, a leading provider of VR headsets, saw growth of at least 50% compared to that time last year. In response, the production of the latest version of VR headsets has now increased to 2 million units.
Facebook originally bought Oculus, the VR startup, for $ 2 billion in 2014 and had $ 399 success with the Oculus Quest. This was the company’s first wireless all-in-one VR headset. This move appears to be in line with Facebook’s efforts to capture the emerging VR market more. Facebook’s Oculus is currently the market leader with a 35% market share.
An unknown source, reportedly directly informed about Facebook’s plans, said:
“Compared to the declining smartphone market, VR is still an emerging market, but we see strong growth this year and more and more companies are coming into the arena. The production forecast for the second half of this year could reach at least two million units, which is already about 1.5 times the total production output of the previous year. “
It’s no secret or surprise that Oculus headset sales have grown due to the coronavirus pandemic. However, it is not clear whether this growth is likely to remain constant or sustainable. However, Jason Tsai, a TrendForce analyst, said:
“Overall, the VR market will continue to grow. Facebook’s growing momentum this year will be more robust than Sony’s VR product lineup, as Facebook’s strategy has been to sell its VR devices since last year at a relatively affordable price to expand the ecosystem base, not just on Gamer aims, but also has a greater hope of exploring other business opportunities and applications. “
Sony increases PlayStation 5 production to 9 million units
While Facebook is focusing on Oculus headsets, Sony has mainly focused on the upcoming PlayStation 5 console.
It looks like PS5 production has already increased as Sony expects the same high demand. Sony originally planned to ship 6 million units. However, this has increased to around 9 million units ready for launch.
Of course, production orders can change while we wait for the PS5 to be released. All of this will depend on market demand for gaming devices, which could very well change later this year.
In the meantime, we’ll be looking for updates. Did you buy a new play equipment this spring / summer? Or are you waiting to invest in the new PS5? Let us know your thoughts below.