An anonymous reader writes "Engadget reports that Samsung is working on virtual reality technology to compete with the Oculus Rift. Their work is fairly far along, and it's expected to be announced this year. It's being built to function in tandem with Samsung's flagship mobile devices, most likely their upcoming Galaxy phones and tablets. From the article: 'We're told it has an OLED screen, as good or better than in the second Rift dev kit; it's not clear how the headset connects to your phone/tablet, but we're guessing it's a wired connection rather than wireless.
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