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The Wearables Revolution: Facebook's Oculus Rift

Summary

Wearables includes sub-categories such as: headsets, and smart glasses, among others. These revolutionary devices are bringing us new applications for the advent of virtual reality, augmented reality, and mixed reality.

VR, AR, and MR may become the next computing and the next communications platforms of our world.

New waves of technological innovation in VR, AR, and MR are occurring now. The disruptive potential for these technologies should not be underestimated.

Facebook has the capability to develop Oculus Rift's virtual reality into one of the premier technologies of our time.

The great bull markets of the '80s and '90s were driven by technological innovations centered around the advents of the PC and Internet. Hold on, here we go again!

The great bull markets of the 1980s-90s were driven by a confluence of events, including the technological advent of the personal computer and the Internet. New industries were created, productivity increased, innovation became commonplace, and tremendous wealth was created for investors. For those of us who remember Alan Greenspan's tenure as Federal Reserve Chairman, the words "irrational exuberance" have special meaning.

Greenspan spoke this classic phrase in 1996 in an effort to warn of the dot.com bubble bursting. The late '90s were a time when money was flowing like water in the markets and trading gains were so plentiful that you had to be careful not to lose respect for the large percentage gains that so many investors were earning almost daily as the volatility was amazing. Numerous tech stocks, especially anything Internet-related, were soaring during the late stages of the '90s bull market. It was a special time, and it could actually be returning to a wearables-related stock near you very soon.

The emerging wearables revolution that is now changing the landscape of our world could become the catalyst to launch another great bull market that would rival the '90s Internet-driven bull market. It is early days in this category but already we are experiencing the creation of new industries in wearables. The pace of wearables product launches and innovation is accelerating. As a result of this advanced technology adoption, we are likely to experience a new wave of increased productivity and higher profitability for companies applying wearables products in their business models.

It is undeniable that the wearables revolution is upon us. One of the top technology advancements of our time may now be unfolding with the first generation of virtual reality, augmented reality, and mixed reality products coming to market. These platforms may very possibly disrupt and replace our world's current computing and communications devices.

The following clarification of these three key terms may be helpful:

  • Virtual reality or VR immerses you in a simulated world. Here is an example of virtual reality from Facebook's (NASDAQ: FB) Oculus Rift. Please adjust the volume for the videos, go to full screen, and take a moment to have some fun with this group of demos. Please also take note of the quality of graphics, such as on the first demo, Valkyrie Founder's Pack;
  • Augmented reality or AR overlays digital information on top of your real world. Please take note of the e-commerce (or v-commerce) shopping experience on the "New Morning" demo and in
    ;
  • Mixed reality, or MR, understands your environment and enables
    like they're part of your world. Microsoft's (NASDAQ: MSFT) HoloLens demonstrates MR. One of the most important technologies in Mixed Reality has been developed by industry leader Magic Leap (Private:MLEAP). Magic Leap technology is a game changer.

There is much speculation on how these three similar, but different...


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