PlayStation VR news, update: Sony's Virtual Reality headset to cost less than Oculus Rift, according to analyst Michael Patcher

One of the hottest and most awaited gadgets today is the virtual reality headset, and two companies are now in the lead when it comes to manufacturing it: Sony with the PlayStation VR and Oculus VR with the Rift. With that said, tech enthusiasts are now debating which one device better. Industry analyst Michael Patcher tackled this matter in his most recent video and revealed that Sony's headset might actually have an advantage over the Oculus Rift.
The analyst talked about the two upcoming VR headsets on his video blog on YouTube. In his analysis, he revealed that the PlayStation VR might actually succeed in the head-to-head match-up between the two headsets. The main factor to look at here is the CPU/GPU combination for the platforms. Additionally, he also predicted that Sony's device might be released at a much lower price compared to the consumer version of Rift.
"Whatever the headset costs, it's unlikely to cost more than Oculus, unlikely to cost more than Magic Leap, but you've already got the built-in console CPU/GPU combination that's already hooked up to the internet, already works, already does whatever you need to do. And so that processing power has humongous value," Patcher said on the video.
As for his basis for this analysis, the PlayStation VR will specifically run on the current-gen console PlayStation 4, which already has the required components for the headset, hence the CPU/GPU combination. With the Oculus Rift, on the other hand, the gamer must first have a powerful, above-average gaming rig in order for the device to function properly. To be more specific, a decent processor and possibly the latest one as well as a high benchmarked graphics card (GPU).
Also, Sony has already sold millions of PS4 in 2015 alone but there are only a couple of thousands of people who have a powerful rig for the device, which summed up his analysis for the probable success of the PlayStation VR.
However, this is just a prediction and the success of both devices can only be measured once they have been released in the market, so better take it with a pinch of salt for now.