While there is some money to be made from virtual reality, Sony is wasting its time on the technology.
That's according to US analyst Michael Pachter, who has described the company's recent reveal of Project Morpheus as a bad idea”.
I think it's a bad idea for multiple participants to chase it, and I think it's a really bad idea for Sony,” he told DualShockers. I have no problem with the Oculus Rift and that they're trying it, because they're a startup and that's a very small market and if they dominate it that's great
But if it's a small market and there are multiple players, it's gonna be hard for anybody to make money. And I don't think it's gonna be a big market. It sounds interesting, but I don't think there will be enough content to justify making the capital investment to create the headset.
I think it's chicken and egg. If there's no content you're not gonna buy a virtual reality headset, and if you don't buy a virtual reality headset, there won't be any content, because no one will make a dedicated game for a very small audience.
The Oculus Rift guys are making some games themselves, and they hired some pretty impressive people. Sony certainly is capable of doing the same, and if you wanna think about Sony's success here, remember all the big 3D games and how those did. Nobody cares. So I think it's just a super super small market.”
Pachter is not one to shy from laying criticism upon those he feels are hedging incorrect bets. In the last six months alone he has said that gamers do no want Kinect”, that he doesn't know why Iwata is still employed” and that PlayStation Now is a joke”.