The company announced the virtual reality headset at a presentation at the Game Developers Conference in San Francisco Tuesday night. The project is similar to other headsets such as the Oculus Rift, which promises to come to the PC later this year.
Sony's Project Morpheus has a 1080p display with a field of view of about 90 degrees. The headset also has sensors that can track the movement of the player's head so gamers can "look" around virtual worlds without having to interact with a thumbstick on a controller.
There is no announced release date for Project Morpheus.
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TheStreet Ratings team rates SONY CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate SONY CORP (SNE) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we find that the company's profit margins have been poor overall."