Oculus Rift Virtual Reality Headset Starts Shipping In March

The social media network's Oculus Rift's major deals have surfaced the tech world, finally and will be in the hands of customers by March of 2016.

On Wednesday, the social media giant announced that it will be taking pre-orders for its much anticipated Oculus Virtual Reality headset. When the announcement came out of the launch of the product, the two most important aspects were not specified; these included price and availability, however the company has finally disclosed these details as well.

The shipping will start from March and the Rift is priced at $599. Any pre-order that currently takes place has been given a delivery date somewhere in April. The order includes the Rift Headset, an Xbox One Controller, Two games, Oculus Remote and a sensor. It is essential to highlight that just the Rift is for $599 whereas to make it working properly the use will require to purchase a high-end gaming PC which is able to work with Rift.

According to a number of analysts, the sales of the latest virtual reality could be as low as hundreds – thousands while some experts are expecting it to be above 1 million. On the other hand, a whole lot of people have decline to present estimates as they believe this is not a big deal for Facebook, Inc.

One of the analysts who refused to estimate the sales of the product, Brian Wieser, analyst at Pivotal Research stated that the launch was this product would just be a rounding error inside of Facebook at this point in time. Additionally, another analyst from Piper Jaffray, Gene Munster stated that it is a “non-event in 2016” and is also expecting the company to sell a few units of the product at a loss.

However, Mark Zuckerberg, the CEO of the social media network, believe that the headgear will be more popular amongst hardcore gamers, during its initial quarter and then go from there. For the first quarter, at least, they have kept the bar quite low for the latest product. According to estimations by Nvidia Corporation, the purchase of over 13 million PCs worldwide next year would be sufficient enough to run the VR provided it has the graphics capabilities.

According to MarketsandMarkets, the virtual reality market will be worth as much as $16 billion. Even though the start seems to be quite low for the Oculus Rift but the future seems quite bright for the virtual reality device. Facebook is not the only company that is working on getting a share from the pie of the lucrative market; many others are directing their resources towards developing this technology as well including Alphabet, Inc., Google Glass and Microsoft’s HoloLens.

Facebook, Inc. Stock Analysis Suggests The Company Might Witness a Decline of 10%.

The stock analysis of the social media network suggested that in the near future the stock of Facebook might be trading at a share price of $93; not a very good news for the investors of the company.

On December 11^th Facebook Stock declined by 2.5% as the oil prices hit a low time in the past one year’s time. Both the Dow Jones as well as the NASDAQ indices were low during the trade by 1.5%. It is expected that the stock of the social media giant is likely to decline further by 10% trading at a share price of $93. Since August 24^th, the social media website’s stock has been increasing due to which the day is termed as Black Monday.

The global market has declined drastically this year due to the Chinese economic meltdown and the devaluation of Yuan. Due to this decline in the global market, Facebook stock has witnessed a decline of 15% in three days’ time. But since the decline the stock of the social media network has fairly been doing well and has seen an incline of 20% till date after reporting a good third quarter report on November 4.

Towards the end of the first week of November, there was again a decrease in the share price of the company after witnessing its high record of $110.65. Due to the fall in the global economy, the share price is expected to fall to $99.75 in the short term. Investors are seriously concerned with this decline as they believe if the share price goes below the mark of $99; the stock will witness a downward pressure.

In other news according to Reuter, the social media site is all set to launch its Facebook at Work service which is a professional communication platform in 2016. This is the social media network’s professional communication and networking platform comprising of the facebook ‘likes’ feature along with a chatting service. The social media corporation has been testing this service since last year during which it has worked on making communication easier amongst employees and co-workers.

The social media site in the last seven days has lost 3.84% and in the past 30 days has seen a decline of $1.76%. In comparison to the S&P 500 index the shares of the social media company are performing negatively with a loss of 0.33 % and have underperformed the index by 1.24% in a month’s time. At the trading session on Friday the stock of the social media corporation was trading at $102.12 per share with a high of $104.34 and a low of $101.91. The current market cap of the social media giant is 288.79 billion.