Oculus Rift Virtual Gaming Device 

Oculus is looking toward the future of gaming and wondering if focusing on consoles is worth the time and effort anymore. They are hoping their new product Oculus Rift will change the tech world forever. 

Brandon Iribe, CEO of Oculus, spoke with Edge and shared his thoughts on consoles as compared to popular smartphones like the Samsung Galaxy or iPhones. 

They are putting to rest rumors that a wearable device will come out in 2013 but they are confident that it could be released in 2014, but only if it is ready. Also, they have said the price will stay under $300. 

"I love consoles but internally we're a lot more excited about where mobile's going to go, and being able to plug it right into a next gen cellphone," Iribe told the gaming publication.

"It's the innovation, and how fast cellphones are now improving - where we'll be with the next Galaxy or the next iPhone compared to where consoles are. Those things are almost doubling every year, compared to a console that's just stuck it out for eight years - it just makes us very excited."

He went on to say, "There's a lot of improvements that can be made on the hardware side for VR that no-one's doing yet because it's a new thing. The mobile rate of innovation is going to be able to make a lot of those improvements."

Oculus was founded by Palmer Luckey and they are based out of Irvine, CA. 

Read more about the Oculus Rift at their official website HERE.