Michael Pachter Predicts PlayStation VR and Oculus Will Succeed; PS4 Hardware "Humongous Value" for VR
Virtual reality is still moving its first wobbling steps, among the requirements for high frame rate and the still often unknown pricing for hardware, but well known Wedbush Securities Analyst Michael Pachter has a quite clear idea on which offerings are going to succeed, as he mentioned in his new show Pachter Factor.
According to Pachter, Oculus Rift and PlayStation VR will be the two virtual reality platforms that will succeed for two completely different reasons, and those reasons have nothing to do with being the best in class.
Pachter believes that Oculus Rift will succeed because it has the backing of Facebook, and Facebook “has more money than anybody, and they will spend whatever it takes to make that thing succeed.”
Playstation VR will succeed for a completely different reason, as Sony “doesn’t have more money than anybody.” The clincher will be that it’s designed to work with PS4, and we’re going to have an installed base of about thirty million PS4 by the end of 2015, and PlayStation VR is launching even after that, so Pachter believes that the console will be well in its way to forty or even fifty million units.
Since it works with the PS4, it’s unlikely that it’ll cost more than the competition, but many will already have the hardware and the processing power they need in the console, and according to Pachter that’s “humongous value.”
Everybody else needs a CPU/GPU combo to power the device, and a lot of power is necessary. Our phones aren’t going to be powerful enough, and a lot of people aren’t going to have PCs with sufficient power. That’s why Sony has a big advantage because of the CPU/GPU combo that sits in every PS4.
Lastly, Pachter mentioned that he doesn’t know who will win between PlayStation VR and Oculus, but they have a big advantage over everybody else.
It’ll certainly be interesting to see if Pachter will be proven right in the near future, but his standpoint certainly makes sense.