- Virtual reality gaming needs more competition, says Sony (SNE -0.1%) -- which itself is uncomfortable with its large lead in the nascent sector.
- The company's PlayStation VR system has built a large lead over HTC's Vive and Oculus Rift (FB -0.4%) thanks in part to its massive PlayStation user base, but more competition will drive adoption of VR and spur more development, says Sony Interactive Entertainment CEO Andrew House.
- “With such a brand new category you want a variety of platforms all doing well to create that rising tide and create the audience," he says.
- In the quarter ended in June, the company sold more than 500,000 headsets. Sony's gaming business is headed toward its highest ever annual operating profit, of ¥180B (about $1.6B).
- And despite the success of the Nintendo Switch (NTDOY -2.1%), which has given a boost to industry hardware sales, House says the company isn't seeing an impact on PlayStation sales.
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Original article