Oculus CEO steps down

19.12.16, 20:49

VR’s getting so big that the Facebook-owned company is now tackling it in two ways, one powered by PCs and the other powered by phones.
Oculus is shaking things up.
Brendan Iribe, CEO of the Facebook-owned virtual reality company, said Tuesday he’s leaving the top job to lead a new division within the company. Oculus will be split into two groups: one focused on developing VR that’s powered by personal computers, and one for VR that’s powered by mobile phones. Iribe said he’ll be leading the PC group.
Virtual reality has become an obsession for Silicon Valley. Partly it’s the technological challenge, partly it’s the opportunity to create a whole new demand for gadgets and the apps that make them engaging. Revenue for the worldwide VR market in 2017 should reach $5.4 billion, SuperData Research said Tuesday, though it warned that profits on the technology may be hard to come by.
Google last month released its new Daydream View headset, and Oculus has long partnered with Samsung to make its Gear VR headsets.
When Facebook bought Oculus two years ago, CEO Mark Zuckerberg said he thought VR would be the next wave of computing. Earlier this year, Oculus released its flagship product, a headset called the Rift. Earlier this month the company came out with controllers for the device.