VR market is too early for games-as-a-service and free-to-play
Patrick O'Luanaigh · EP 595: nDreams is #1 VR Application Creator, 250,000 Sold, $6M in Funding with CEO Patrick O'Luanaigh · Mar 11, 2017 · at 3:05
Patrick O'Luanaigh, founder and CEO of VR studio nDreams, explains why his company tracks unit sales rather than daily active users or free-to-play metrics.
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“At the moment, VR is a little bit too early to do service games and to do certainly free to play titles.”
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More from Patrick O'Luanaigh
High-end VR hardware remains expensive and lacks killer apps
“At the moment, the hardware, the high-end hardware is still fairly expensive and there aren't any killer apps yet.”
nDreams has sold nearly 250,000 VR units across all its titles
“And across all the titles we've launched so far, we've done just under a quarter of a million titles sold so far.”
nDreams projects $2M revenue in 2017, targeting $7M next year
“So, we'll do revenue of about two million dollars this financial year which is not bad. Next year, we'll do about six, six or seven. So, it gives you an idea about how we're growing at the moment. We did about seven 50 last year.”
Perfect Beach accounts for roughly half of nDreams' unit sales
“It's probably about half of those. I think something like that.”