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Oculus Rift founder admits pricing blunder

January 8, 2016

Oculus VR founder Palmer Luckey has accepted blame for the backlask over the unexpected high price of the virtual reality headset.

The device will cost $599 nearly double the much touted $350 price tag initiaslly put forward by Luckey at Oculus Connect in September.

Responding to questions during a Reddit AMA session late on Wednesday evening, Luckey said: “I handled the messaging poorly.”

He explained how the first mention of the $350 figure came at a time of frustration, as media outlets began reporting the Rift would cost $1,500, not taking into account that figure included a high-end PC rig that would be sold separately.

Effectively, he revealed, the internal plans were for a $599 price tag all along.

He wrote: “As an explanation, not an excuse: during that time, many outlets were repeating the “Rift is $1500!” line, and I was frustrated by how many people thought that was the price of the headset itself.

“My answer was ill-prepared, and mentally, I was contrasting $349 with $1500, not our internal estimate that hovered close to $599 – that is why I said it was in roughly the same ballpark.”

He also apologised and said he and the Oculus team “did not do a good job of fixing” the perception that the $350 DK2 device and the consumer Rift would cost the same, despite the latter boasting far more advanced technology.

The Rift headset will cost £499 in the UK, but, despite pre-orders opening on Wednesday, a solid release date for the headset has not been set.

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