According to reports, Chinese electronics company XIaomi has decided to permanently shutter its consumer VR operations. Western and Chinese media outlets circulated a report stating that Xiaomi had fired the Mi VR Go development team, signaling its intent to discontinue development of the platform. Best known for its large smartphone and consumer electronics business, Xiaomi served as a key OEM … Read More
In 2023, the number of venues offering location-based virtual reality is expected to nearly double, to 24,500 global locations. San Francisco, August 5, 2019 — Virtual reality in location-based entertainment is set to reach $3.6 billion in 2019, according to Greenlight Insights important new report, 2019 Location-Based Virtual Reality Industry Report. This report includes global forecasts and analysis of the … Read More
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.
Several major media outlets reported on July 22nd that smartphone maker Apple may soon finalize the acquisition of Intel’s smartphone modem assets, including staff and intellectual property, to the tune of over $1 billion. The report suggests that the purchase could further strengthen the Cupertino, California-based company’s already considerable control over its supply chain. Our Perspective Despite the long road … Read More