Oculus Cuts Prices of Its Virtual Reality Gear -

Oculus Cuts Prices of Its Virtual Reality Gear -By NICK WINGFIELDMARCH 1 , 2017SEATTLE — Many obstacles stand between virtual reality and a mass audience , from a lack of great games to the ungainly tangle of cablesthat connect the 3-D headsets to the computers that power them.The Rift requires a powerful PC to run virtual reality games , which costs hundreds of dollars , bringing the total price for Oculus productsand a computer to over $1 , 000 , even after the price cutsIn a phone interview , Brendan Iribe , the leader of the Oculus group developing virtual reality products for personal computers , said the company had long intended to reduce prices on products as Oculus’s own manufacturing costs came down.On Wednesday , Oculus announced that it has dropped the price of a package featuring its Rift headsetand Touch controllers , which allow players to use their hands inside virtual reality , by 25 percent to $598 from $798.