September 26, 2018 / 6:18 PM / 21 days ago

Facebook unveils new VR headset 'Oculus Quest' for $399

(Reuters) - Facebook Inc (FB.O) unveiled its new wireless virtual reality headset at a conference on Wednesday and said it plans to start shipping it in spring next year.

FILE PHOTO: Silhouettes of laptop users are seen next to a screen projection of Facebook logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

Oculus Quest, which comes with touch controllers and does not need a PC to operate, will be priced at $399 (302.5 pounds), according to the company. (bit.ly/2NGQHXF)

The company also plans to launch more than 50 games for the new headset.

Facebook has invested heavily in VR hardware in hopes the technology, which offers a 360-degree panoramic view of faraway or imaginary spaces, will move from a niche interest to a widely used platform for gaming, communication and business applications.

The social media giant, which bought Oculus in 2014 for $3 billion, had released the Oculus Go VR headset earlier in May, and had priced it at $199.

Reporting by Arjun Panchadar in Bengaluru; Editing by Shounak Dasgupta

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