90% of Chinese VR companies bankrupt

It is estimated that there has been just under 300 VR startup companies launched in China during the period between 2014 and 2015 and only 10% have survived. They have struggled to compete with the large businesses that have enjoyed success like Sony, HTC, Oculus and Samsung.

A huge 70 percent of respondents of a report performed by iiMedia Research showed that users of  Chinese smartphone expressed no willingness to buy a VR headset. It appears that too many companies jumped into the virtual reality market and didn’t realise the demand was so low.

China Virtual Reality
Source: china.org.cn

China is a gigantic market so lets hope the demand for virtual reality devices rises during 2017 and businesses have more success in winning consumers over.

 

Read more here

 

Be the first to comment

Leave a Reply

Your email address will not be published.


*