Samsung Is Building an Oculus Rift Competitor: Report

Given Samsung's propensity to compete in virtually every conceivable product category, this isn't too surprising: The company is working on its own version of the Oculus Rift and plans to unveil it this year.

Samsung has even shipped prototypes of the device to some developers already, according to a report in Engadget. Rather than being a PC or game console peripheral, Samsung's headset links to a Galaxy phone to create its virtual environment. It's a demanding device, though: The consumer version will require the power of next-generation flagship processors, the report states.