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Report: Facebook To Launch Virtual Reality Video App

Facebook is building is a new virtual reality app that would allow users to view 360-degree videos on phone.

The social networking giant is still in the “early stages” of developing a video app app that is likely to work on iOS and Android, The Wall Street Journal reported, citing people familiar with the matter.

The app would support 360-degree or “spherical” videos, and would work on Apple’s iOS and Android operating system.

It is still unclear “when or if the app will launch,” according to unnamed people, who wanted not to be identified as the project is confidential.

Facebook CEO Mark Zuckerberg many times called virtual reality the next “computing platform” after mobile devices.

Last year, Facebook acquired Oculus VR for $2 billion. Oculus VR is a virtual reality technology company, which is working on the Oculus Rift, a head-mounted display for immersive technology virtual reality.

The company is likely to launch a consumer version of its Rift headset in the first quarter of 2016.

According to an estimate by Deutsche Bank, Oculus will sell about 1.5 million headsets next year.

About Nadeem

Nadeem has more than 6 years of experience of news writing and editing. At IT Magazine, Nadeem covers Apple, Google and Business Technology news. Nadeem can be contacted at editor@itmagazine.com.

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