1) much cheaper price
2) portability
3) seamless onboarding experience
I love my index but there is no way that it can currently beat oculus because of these things.
Also, Oculus is well aware of these features. At least Carmack is.
The highlight of connect for me was the Carmack keynote. I suggest all techies watch it:
Valve, with their already existing VR ecosystem, is probably the best positioned to compete in the space.
Facebook cannot do VR based on games. It wouldn't bring in enough money to sustain it. They're going after a much bigger market.
The entire global PC gaming market was worth $42b in 2019. It's up a bit since then, but not by much[1]. That's equivalent to about 5 months of Facebook's revenue[2]. In other words, in terms of revenue, Facebook is double the size of the entire PC gaming market.
It doesn't really matter how good or how big Valve are. They're a big fish in a small pond compared to Facebook.
[1] https://www.statista.com/statistics/292516/pc-online-game-ma...
[2] https://www.nytimes.com/2021/10/25/technology/facebook-profi...
However, Zuckerberg said during the keynote that they were going to continue to sell hardware at or below cost in order to grow the space. I’m sure that’s somewhat of a business decision, but I honestly think Zuckerberg has a genuine interest in the technology and just wants to move it forward. While Valve could technically also sell at or below cost and hope to make it up with their Steam cut, they haven’t been willing to do that with any other hardware release.
It's really a shame this isn't illegal.