Analyst: VR is next mega tech trend

Virtual reality will be “the next mega tech theme” and worth more than $60 billion in a decade, according to Piper Jaffray analyst Gene Munster.

“The diverse applications of VR in combination with accelerating technological improvements will lead to mainstream adoption over the next 10 years,” Munster wrote in a report in May. “Our optimism around the theme is based on consumers’ insatiable appetite for new tech experiences.”

He singled out two companies as poised for biggest success: Facebook and Apple.

Facebook makes sense — they just bought Oculus, and they’ve got a giant social network. Virtual environments are great for socializing.

But Apple hasn’t officially done anything in virtual reality yet. You can use iPhones to access virtual reality apps — but those apps are written in other platforms, such as Google Cardboard.

The only recent news out of Apple was that the company just bought Metaio, a German augmented reality and computer vision company.

Read more at Bloomberg.

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Maria Korolov

Hypergrid Business editor and publisher Maria Korolov is a science fiction novelist. During the day, Maria Korolov is an award-winning freelance technology journalist who covers artificial intelligence, cybersecurity and enterprise virtual reality. See her Amazon author page here and follow her on Twitter, Facebook, or LinkedIn, and check out her latest videos on the Maria Korolov YouTube channel. Email her at maria@hypergridbusiness.com. Her first virtual world novella, Krim Times, made the Amazon best-seller list in its category. Her second novella, The Lost King of Krim, is out now. She is also the publisher of MetaStellar, a new online magazine of speculative fiction.

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