E3 2016: PlayStation VR made Oculus CEO Palmer Luckey ‘really happy’

The 2016 Electronic Entertainment Expo trade show in Los Angeles last week marked Sony’s biggest virtual reality push yet, and one of the company’s competitors likes what he sees.

Palmer Luckey, who invented the Oculus Rift and cofounded Oculus VR, revealed on social media yesterday that he thinks Sony Interactive Entertainment is doing an excellent job with virtual reality. The publisher had a handful of major game announcements for PlayStation VR, and it let the media and wider gaming industry go hands on with the device for hours at a time throughout the week. Luckey’s seal of approval could give the system a small boost as Sony prepares to launch it for $500 in October. Analysts at research firm SuperData predict that the VR market could generate $40 billion in revenues by 2020, and it expects that consoles — and specifically PlayStation VR —  will represent a significant chunk of that.