Sony’s Virtual Reality Headset Sales Prove the VR Market Has Viability @themotleyfool #stocks $SNE $NVDA $FB

We’re in the early days of virtual reality. Facebook (NASDAQ:FB[1]) CEO Mark Zuckerberg thinks the technology will take off in another 5 to 10 years, and chipmaker NVIDIA (NASDAQ:NVDA[2]) said just 1% of PCs sold last year[3] were VR-capable.

But there is one company that’s seeing some success. Sony‘s (NYSE:SNE[4]) PlayStation VR headset that went on sale four months ago has already sold 915,000 units. Sony’s global chief executive of Sony Interactive Entertainment, told the The New York Times late last month that[5], “You literally have people lining up outside stores when they know stock is being replenished.”

The company is on track to surpass the company’s initial estimates of 1 million sales in six months. And that news is not only great for Sony, but it’s a boon for the rest of the VR market as well.

Picture of Sony's Playstation virtual reality headset.

Image source: Getty Images.

Getting VR off the ground

In the recent past, the viability of VR has been questioned[6] for several reasons and the first is its price. High-end VR headsets cost around $600 and require powerful PCs that can handle all the graphics processing.

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