Virtual reality (VR) and augmented reality (AR) may sound like possibilities only in science fiction. Modern technology has advanced to the point where VR and AR technology are available to the average consumer.
As technology expands, there will be more ways that VR and AR technology can be implemented. It is an exciting technology that has room to grow. Here is how you can invest in AR/VR.
Investing in AR/VR stock
VR/AR technology has only been widely available on the market only in the last decade, but the industry has generated billions in revenue. In 2019, global spending on AR/VR hit $10.5 billion in 2019 while in 2020, AR/VR revenue was expected to reach $18.8 billion. The technology is there and slowly becoming more widely available and may even be a common item within the next few decades.
This is why investing in virtual-reality stocks is a good option. To learn more about AR/VR stock, visit TheStockDork.com. The website is a great resource for lists, articles, and explainers that inform you of everything you need to know about the world of stocks. It is a great place for beginners to get into stocks and even for professionals as a place to get up-to-date information on movement in stocks.
Facebook is mostly known as a social media company, but it is a major player in the AR/VR space. In 2014, they bought Oculus VR for $2 billion. They recently introduced the Oculus Quest 2 headset into the market. The Oculus Quest is mainly used for video games, but with Facebook’s nearly unlimited resources, the headsets are growing in potential.
Facebook is already making moves to make Oculus more accessible for the commercial space, such as integrating Facebook into Quest’s software and introducing the Oculus for Business platform. As time goes on, expect Facebook to make Oculus the key player in VR technology.
Alphabet Inc. is Google’s parent company, and as one of the biggest technology companies in the world, it is no surprise that Google has invested in VR technology. Google started working on virtual reality headsets in 2014 with Google Cardboard, which was an appetizer of sorts to introduce consumers to VR technology.
In 2016, the company introduced Google Daydream, a more high-end version of Google Cardboard that, when attached to the user’s smartphone, allows the user access to the VR capabilities of Daydream. With Google’s stock price reaching record highs, investing stocks in Google is a viable option.
Sony originally started as an electronics manufacturer. These days, the company is mostly known as the makers of the best-selling video game console PlayStation. Since VR made its name in the video game industry, it was expected that Sony would enter the VR space with their own VR headset.
In 2016, Sony released PlayStation VR for the PlayStation 4 and PlayStation 5. With at least 100 million PlayStation 4 consoles sold and PlayStation 5 expected to be a best-seller, PlayStation VR has a large market to expand in, making Sony a company to keep an eye on in terms of VR technology.
The 21st century has made Apple one of the most recognizable brands globally and one of the biggest in terms of electronics and software manufacturing. With the release of more advanced iPhones in recent years, Apple has started integrating AR technology into their phones.
The latest iPhones have the ability to project things in AR with its camera and other AR related creation tools. The company is expected to release its own headset within the next few years, and with the company’s history as something to go by, expect it to be much talked about.