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Facebook's Oculus Rift Price Set At $599, To Ship In March
Wednesday, January 6, 2016 - 2:18pm | 182Shares of Facebook Inc (NASDAQ: FB) were trading higher on Wednesday after the company's CEO, Mark Zuckerberg confirmed Oculus Rift is now available for pre-order. In a Facebook update, Zuckerberg said that the Oculus Rift device is available for pre-order on shop.oculus.com for $599. He...
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Oculus Pre-Orders Start This Week
Monday, January 4, 2016 - 2:26pm | 408Facebook Inc (NASDAQ: FB)-owned Oculus Rift pre-orders begin this Wednesday. It looks like virtual reality (VR) is well on its way to become a reality in 2016. Shares of Facebook were down -1.47 percent in last Thursday's trading session. "We're excited to announce that pre-orders for #Rift will...
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Virtual Reality In 2016
Thursday, December 31, 2015 - 11:37am | 508One of the most talked about tech trends for the coming year has been virtual reality. In years past, the technology had been confined to tech enthusiasts and niche industries, as bulky headsets and limited capabilities kept the devices from becoming a mainstream staple. However, in 2016, several...
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Oculus Rift Is Here: Facebook Now Shipping 'Early Builds' Of VR Headset To Developers
Tuesday, December 22, 2015 - 1:57pm | 159Facebook Inc (NASDAQ: FB)'s Oculus Rift business announced on a blog post on Tuesday that is now shipping "early builds" of its Rift VR headset to develops. The company also said that it is also shipping a developer kit, SDK 1.0 and runtime which include features that are tied to...
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Why Sony, Not Google Or Facebook, Could Be The Best Virtual Reality Investment Pick
Thursday, December 3, 2015 - 9:14am | 480According to Kota Ezawa and a team of analysts at Citi, the virtual reality and augmented reality (VR/AR) will create a "major" new market that will replace smartphones. Ezawa noted the VR and AR markets will represent a $674 billion industry by 2025; by comparison ,the global smartphone market is...
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Facebook's Q3 Earnings Impressed Investors - Was Wall Street Equally Impressed?
Thursday, November 5, 2015 - 10:27am | 1013Shares of Facebook Inc (NASDAQ: FB) eclipsed its prior 52-week high of $105.12 after the company reported its third-quarter results on Wednesday. Facebook earned $0.57 per share in the third quarter on revenue of $4.5 billion, while analysts were looking for $0.52 per share and $4.37 billion...
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Do Your Internet Picks Match Credit Suisse's Picks?
Friday, October 9, 2015 - 1:31pm | 462Stephen Ju of Credit Suisse previewed the Internet sector ahead of the upcoming earnings season. Ju reiterated his top three picks: Amazon.com, Inc (NASDAQ: AMZN), Facebook Inc (NASDAQ: FB) and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG). Ju noted that stock performances will "hinge" more on...
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2016 Could Finally Be The Year Virtual Reality Takes Over
Friday, September 11, 2015 - 11:32am | 426After three decades of a "hype-and-then-die" cycle, Deutsche Bank analysts are predicting virtual reality will finally see adoption growth in 2016. Facebook Inc (NASDAQ: FB) could generate $600 million in revenue from virtual reality in 2016 at 50 percent margins. The virtual...
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Gene Munster Argues Many Investors Don't Appreciate The Potential Of Virtual Reality
Tuesday, August 25, 2015 - 1:14pm | 336Facebook Inc (NASDAQ: FB) is more than 14 percent off its 52-week high of $99.24, though shares are gaining nearly 4 percent in early Tuesday trading. Piper Jaffray's Gene Munster reaffirmed the firm's bullish stance on the stock, reiterating the firm's $146 price target. According to Munster,...
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Macquarie Discusses Travelers Investor Day Presentation, Reiterates At Sell
Friday, August 14, 2015 - 10:50am | 280In a report published Thursday, Macquarie Research analyst Amit Kumar offered a quick take following Travelers Companies Inc (NYSE: TRV)'s Investor Day presentation which was hosted by senior executives including incoming Alan Schnitzer who will take over as CEO on December 1. Kumar noted...
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Microsoft Bets Big On Augmented Reality With HoloLens
Monday, August 3, 2015 - 2:23pm | 458Microsoft Corporation (NASDAQ: MSFT) CEO Satya Nadella was recently interviewed by the BBC. In the interview, Nadella revealed that the company would be launching the first version of its much awaited virtual reality product HoloLens for developers and enterprise the product within the next year....
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Wall Street's Top Pros Dissect Facebook's Earnings
Thursday, July 30, 2015 - 8:25am | 864Shares of Facebook Inc (NASDAQ: FB) were trading lower by 2.5 percent in Thursday's pre-market session after the company reported its second-quarter results on Wednesday. Here are what Wall Street's top analysts are saying. Morgan Stanley: Bullish Thesis Continues Brian Nowak of...
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E3 Day 3: Digital Game Industry Sees Slow Adoption Of VR Technology
Friday, June 19, 2015 - 11:01am | 332Three big digital game companies expect virtual reality won't have an immediate impact on their business, an analyst said Thursday. Although Facebook Inc (NASDAQ: FB)'s soon-to-launch Occulus Rift virtual reality consumer headset is sure to get lots of attention, Wedbush's Michael...
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Video Ads, Oculus Bode Well For Facebook Shareholders, Axiom Says
Wednesday, June 17, 2015 - 8:07am | 367In a report published Wednesday, Axiom analyst Victor Anthony maintained a Buy rating and $105 price target on Facebook Inc (NASDAQ: FB). The analyst believes that the company should be seen as a "global media communications platform" rather just a "social media company."...
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Facebook's Oculus VR Headset To Include Xbox Controller
Thursday, June 11, 2015 - 4:48pm | 335Facebook Inc. (NASDAQ: FB)'s Oculus virtual reality headset called Rift will include a game controller provided by Microsoft Corporation (NASDAQ: MSFT) when the product launches early next year. Oculus Partnership Oculus disclosed the partnership Thursday, even as Microsoft is at work on its own...