The Oculus Rift gets a price tag, the Internet reacts

Oculus RiftVirtual Reality is set to become the next big thing in the entertainment industry, particularly video games, but what will be the cost of this revolutionary new technology? Well we’re going to tell you, and it isn’t cheap. But then, what were we really expecting?

Without beating around the bush, you can now pre-order an Oculus Rift, virtual reality headset at the price of $599 which is quite a lot of money, it has also been announced that the product will ship to 20 countries when it launches on March 28th. Naturally the Internet has erupted with fury, with those anticipating the release of the Oculus Rift flaming the company behind it, with the general consensus being that it has been grossly over priced. The reality behind it though is that this technology was NEVER going to be cheap at launch. Oculus Rift

However, when you consider what the Oculus Rift is, it’s not expensive at all, in fact it’s actually a pretty reasonable price. New technology has always been expensive, Smart Phones, TVs, games consoles and many other types of technology has carried hefty price tags during their early days some well over the price that Oculus have listed in exchange for their VR headset.

To add to our side of the argument, it’s worth breaking down exactly what you’re getting for your money. The headset (with built-in speakers) itself is a given, but that comes with a few extra goodies, an Xbox One controller as standard, a “stand-up” style microphone, a sensor and a remote, all neatly packed together in an a very sleek-looking case.

Oculus boss Palmer Luckey states “It is expensive, but for the $599 you spend, you get a lot more than spending $599 on pretty much any other consumer electronics devices – phones that cost $599 cost a fraction of that to make, same with mid-range TVs that cost $599. There are a lot of mainstream devices in that price-range, so as you have said, our failing was in communication, not just price.”Oculus Rift

Despite the proposed “ballpark price of $350”, Palmer Luckey has since come out and apologised to those who were expecting a similar price point at release.

“As an explanation, not an excuse: during that time, many outlets were repeating the ‘Rift is $1500!’ line, and I was frustrated by how many people thought that was the price of the headset itself. My answer was ill-prepared, and mentally, I was contrasting $349 with $1500, not our internal estimate that hovered close to $599 – that is why I said it was in roughly the same ballpark.”

Now, obviously people are going to disagree with us, it’s only natural, and as many of you know we work hard to ensure that everyone can have their say here at 4-One Gaming. So with everything in mind, we woud now like to ask. Do you feel that the Oculus Rift is overpriced? If so, what is your reasoning? As always be sure to give us your opinion openly via the 4-One Gaming Facebook page.

[Source: Oculus, Twitter]

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