Virtual reality is set to deliver the next seismic change in gaming, creating a multi-billion dollar sub-set of the industry, according to Mercia Fund Management’s head of digital Mike Hayes.
The long-talked about technology got a shot in the arm back in March when Facebook bought out virtual reality start-up Oculus VR for $2 billion (£1.25 billion). With Samsung expected to release its first virtual reality headset by the end of the year and Apple not far behind, the technology is expected to take mobile gaming by storm.
With such powerhouses – and such money – behind it, Hayes (pictured), believes it is a case of when, not if, the virtual reality applications take off.
Hayes brings a unique perspective to technology investing, having previously been the chief executive of Sega’s Europe and America businesses. He oversaw the rebirth of the Japanese giant as a multi-platform software company and launched one of the first ever games for the iPhone, Super Monkey Ball.
This article appeared first and in full on Citywire's Wealth Manager.