Sony Takes On Facebook’s Oculus in Virtual Reality Race

By June 10, 2014March 24th, 2020Newswires

By Cliff Edwards

Now it’s Sony versus Facebook.

After being knocked around by Apple Inc. and Samsung Electronics Co. for more than a decade, Sony Corp. (6758) is up against yet another tech rival, attempting to build the PlayStation 4 into an entertainment powerhouse and develop a virtual-reality headset for the gaming market.

And in this fight at least, the Tokyo-based conglomerate, which has lost money in five of the last six years, might have an edge. Sony’s commanding lead in sales of video-game consoles could give a boost to the Project Morpheus headset the company will show off today at the Electronic Entertainment Expo. The chief competition is Oculus VR Inc., the virtual-reality goggle pioneer being acquired by Facebook Inc.

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