Facebook Owned Oculus Apologizes for Delay In Shipment

Facebook Owned Oculus Apologizes for Delay In Shipment

The social media network is ready to post its first earnings for fiscal year 2016 however its virtual reality is going to some trouble which they apologized for.

Oculus VR headset, owned by Facebook Inc. was scheduled to start shipping from Wednesday however the company shared some disappointing news with the users who had pre-ordered their headsets on Friday. The virtual reality device maker sent out a letter to all of its customers, apologizing for the recent delay that it announced for the deliveries. To make up for this inconvenience, the company stated that it will allow free shipping to compensate for the delay.

As per the letter, if a user placed an order for the VR device either before or on April 1, their deliveries will reach 10 days late however the company will bare all of the shipping cost and the user will only have the pay the cost of the device.

Brenden Iribe, the chief executive officer of Oculus even mentioned in a tweet that since the first shipment of the Oculus Rift is delayed and will not reach its customers on time, therefore the company will waive off any shipping charges for recompense for the inconvenience that was caused to the customers.

In the letter that the company sent to its customers, it stated that the management realizes how anxiously the customers were waiting to receive their Oculus Rift Headset and that they apologize for not updating the customer’s order status sooner. The reason that the company gave for the inconvenience was the unexpected shortage of components due to which the whole shipping schedule of the product was disturbed. The letter further stated that the customers will be able to view their order status on the company’s website oculus.com by Tuesday April 12, 2016.

The delay did disappoint a number of fans however the makers of the headset stated initially that the first shipment was not going to declare the success or the failure of the headset anyway because it’s a new technology and ultimately everyone wants their hands on it. Furthermore, the founder of Oculus, Palmer Luckey tweeted that it’s a technology that people will want before it becomes a technology that anyone can afford.

On the contrary, the stock of the social media website, despite this delay in the Rift’s shipment showed an upward trend as it jumped by 11% in the past three months. This upward trajectory can be attributed to the first quarter earnings call and the much anticipated F8 Developer Conference. However, many analysts, especially at Deutsche Bank are expecting the price of Facebook’s stock to go down after the first quarter earnings call. The social media company is scheduled to post its financial results for the first quarter of fiscal year 2016 on April 20, 2016.

The analysts at Wall Street are predicting that the company will post adjusted earnings per share (EPS) of $0.623 and total revenue of $5.24 billion however the firm is expecting to fill the estimations of the Street as they conducted channel checks and according to them the company developed a mixed picture. A rating of Buy has been reiterated by the analysts at Deutsche Bank with a twelve month target price of $145; as the analysts at the financial services and research firm remain quite optimistic towards the future prospects of the social media network, although they highlighted a few drawbacks that the company could come across in the near future.


Facebook, Inc.’s Oculus Welcomes Users to the Virtual Reality World

Facebook Inc., social media network, social media platform, social networking website, Oculus Rift, Virtual Reality Headgear, Facebook's Oculus headset

Oculus users will be able to integrate their Facebook accounts with the virtual reality headgear; its time to step into the world of virtual reality.

Facebook Inc.’s much anticipated Oculus Rift, which is perhaps the biggest, most popular virtual reality headset in the industry, had its first ever pre-launch event in San Francisco recently. The launch of the much awaited head gear is only a few weeks away. People at CNET got a chance to spend a whole day with the final version of the device to see how it works and what it is like to use it.

According to CNET, they only got a chance to play with half of the 41 games that have been made available on the product. The most important gadget with the gear is Oculus Touch which will not be available at once with the device but with the help of The Touch it becomes easier to move hands in space and grab things.

The Facebook owned platform has been gaining a lot of popularity on the social media lately. As per the new features on the device, users will be able to connect it with their Facebook accounts; the gear will allows users to watch 360 videos from the social media platform. Furthermore, they will be able to connect with their friends and Twitch streams with their Facebook friends in real time.

At this point, Oculus Gear’s integration with the social networking website is all about videos. The users who get their hands on the gears will need to download the Oculus Video app which should be directly installed once the user downloads the Oculus Gear VR app. As soon as the user installs both these apps on their device, they will require an update which will allow them to use the new social media features that have been made available on the platform.

After the installation stage, the user will be able to witness a list of Trending and Featured 350 degree videos which is the default menu screen of the virtual reality headset. Based on the pages and people you follow on the platform, you will be suggested with a list of videos, that you can choose from and enjoy the VR experience. In addition to that, any video that your friends or people you follow have shared on their Facebook profile will also be viewable to you.

This is just the beginning of the Virtual Reality fiasco, in a few weeks when the device is released with all its games and other features, users will be able to directly like and share the videos on their social media profiles. If a user has already been using the Gear VR app, they are likely to have an Oculus account – all they need to do now is add friends and follow people and they are good to go.

On the contrary, even though Oculus and HTC Vive, rival ritual reality gear run on the same Windows Operating System, it is not necessary that if a user buys a game for Oculus, the same game would work on Vive. Oculus stated that all the headsets communicate with the PC in a different way so it should be brought into the user’s attention that they might not be able to play with their friends if they are on a different headset.