VR Industry Woes Continue As Apple's VR Headset Rumored To Have More Delays

Virtual reality (VR) might be some of the most controversial technology on the market. 

While the technology that goes into making these headsets is groundbreaking, the only thing being shattered is the margins of companies getting in on the VR market.

After a pretty rough year for market leader Meta Platforms Inc. (NASDAQ: META), many were expecting that to get much worse early next year when Apple Inc. (NASDAQ: AAPL) was rumored to release its upcoming Apple-branded VR headset. 

The technology was initially rumored to be ready near the end of 2022. That was later moved to the first or second quarter of 2023 and then to the second half of 2023.

The delays were reportedly the result of software issues, but previously it was from overheating, software and camera issues.

This could spell trouble for Apple’s VR headset, but it might also be a sign that Meta isn’t getting enough credit for its VR technology. The company recently released its Meta Quest Pro, and the Meta Quest 3 is expected to be released in 2023. That means Meta is ages ahead of Apple, having tested several iterations of its VR headsets.

Nonetheless, the gaming market has held up well during the downturn. Electronic Arts Inc. (NASDAQ: EA), for example, is down 13% from its highs and holding up well.

Even the gaming sector in the startup markets has held up well, with companies like Gameflip having raised over $500,000 and open for investment.

There could be a significant upside for investors can choose the winners in this space as the market looks to eventually rebound.