The $599 price tag of the consumer Oculus Rift was off putting to many, including myself. It’s not that we expected the technology to be cheap, more that our expectations were set at what we considered a much more reasonable level. I wrote at the time that HTC and Sony would likely rush in with their own VR headsets swiftly afterwards, likely a much lower price point, to take advantage of the Oculus’ more premium status. I was right on one count, HTC has since announced theirs, but at the higher price point of $799. It seems that, at this stage in the game, there’s no way to do VR on the cheap.
Whilst the two products are largely comparable in terms of raw specifications, having the same screens for each eye and both providing the same level of “sit down” VR experience. However the Vive pulls ahead of the Oculus in two respects, the first of which being the inclusion of two hand tracking controllers. The current version of the Oculus includes an XboxOne controller with their Touch controllers due out sometime later this year (at a currently undisclosed price). However what really sets the HTC Vive apart from the Oculus is the inclusion of two Lighthouse tracking base stations which allow the Vive to do full body tracking in a 16m² space.
These two additions explain the price gap between the two headsets, however it also shows that there’s a floor price when it comes to VR headsets. I had honestly thought that both HTC’s and Sony’s offerings would come in at a cheaper price point than the Oculus however now I’m not so sure. Sony may be able to cut some corners due to the stable hardware platform they’ll be working with (the PS4) however I don’t think that will make it that much cheaper. Indeed looking at the current specs of the PlayStation VR shows that the only real difference at this point is the slightly lower screen resolution (although it does support 120hz, superior to the Oculus and Vive). With that in mind we’d be lucky to see it much, if at all, below the $599 price point that Oculus set last month.
So for Oculus debuting at the price point that they chose might not have been the disaster I first thought it would’ve been. Oculus might very well have developed the Model-T of VR that everyone was hoping for, it just ended up costing a lot more than we’d hoped it would. For many though I still feel like this will mean they’ll give the V1.0 VR products a miss, instead waiting for economies of scale to kick in or a new player to enter the market at a cheaper price point. This will hamper the adoption of VR, and by extension titles developed for VR, in the short term. However after a year or two there’s potential for newer models and the secondary market for used headsets to start ramping up, potentially opening up access to customers who had abstained previously.
For myself I think I’ll have to wait to be convinced that the investment in a VR headset will be worth it. I bought a Xbox just so I could play Mass Effect when it first came out and, should something of similar calibre find itself on any one of the VR platforms, I can see myself doing the same again. However right now the relatively high price point coupled with the lack of enticing titles or killer apps I’m not really willing to make such an investment in a V1.0 product. I, as always, remain willing to have my opinion changed and, by consequence, my wallet opened.