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Sharp Focuses On VR Hardware, After Successful 2021

Sharp is shipping over a million high-end VR displays each month, as the Japanese company sharpened its focus on the growing sector.

Revenue for Sharp’s VR display shipments came to more than $200 million for all of 2021, according to Nikkei Asia.

The company is now the single biggest supplier of displays for Meta’s Oculus Quest 2 headset. Considering the Oculus series makes up three quarters of total standalone VR market, according to IDC, this is a lucrutive partner for Sharp.

“Visuals are crucial to the experience in the metaverse,” an analyst told Nikkei Asia.

“Sharp’s yearslong efforts in the VR arena would give the company an edge in securing a leading position in the booming metaverse industry.”

The VR and AR market is expected to enjoy a compound annual growth rate of 45.9 per cent, IDC says. 32.8 million units will be produced by 2025.

 



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