In Virtual Reality Headsets, Investors Glimpse the Future - The New York Times

From a VR/AR market reality check

"Why are virtual reality’s acolytes so certain about its imminence? The promise of virtual reality has been a staple of science-fiction dreams for decades. But until recently, the headsets were primitive and cost tens of thousands of dollars. The explosion of mobile devices has sharply reduced the price of many of the components that are essential to virtual reality headsets, including high-quality screens and motion sensors, as well as improving the experiences. “There really is a transformational moment for people when they put these things on,” said Tony Garcia, chief revenue officer at Unity Technologies, a company that supplies a key software component called a game engine to virtual reality developers. “It’s unlike anything I’ve seen in a long time.”"

In Virtual Reality Headsets, Investors Glimpse the Future - The New York Times