i think its fair to say vr market is less than questionable. in theory ar/vr already has enough features to be worth using. in reality people dont want to put things on their face
i have an avp and use it daily. but it turns out im weird and most people simply dont want to put screens on their face
We have a similar situation in Italy with garbage.
Nobody wants new waste dumps anywhere near (tens of miles) of their own houses, and each time there's an insane amount of blockades and protests.
Bureaucracy gets very messy because towns and provinces and regions (equivalent to less federated us states, more or less) and the central government start having legal disputes over those things that drag decades.
Valuation models probably begin to break down when the potential payoff is control of our solar system as we know it.
OTOH it seems like mere single billions can buy control over the US if you're brazen enough, so perhaps these stock market suckers are overpaying with their trillions.
I wonder how expensive it would be to buy control of PRC in a similarly creative (but very different) way.
But yours, is especially an apples and oranges comparison.
The original iPhone was a flawed internet-less take on a thriving exploding market (mobile).
VR's market just questionable.
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