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Japan's Sharp bets on VR hardware as 'metaverse' takes off

Foxconn unit ships over 1m displays for VR headsets each month for Meta, others

Revenue from shipments of Sharp's VR displays came to more than $200 million in 2021, based on an estimated cost of around $50 per unit. (Source photo by AP) 

TAIPEI -- Years of quietly developing high-powered virtual reality displays is starting to pay off for Japan's Sharp as the company make an aggressive bet on the "metaverse."

Sharp forayed into VR development in 2016, when it was acquired by Taiwanese electronics titan Foxconn and began devoting more resources to higher-margin, niche markets like virtual reality and automotive solutions.

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