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There have been a few mentions of this both in videos and posts. Here's a relevant bit from a post by Palmer Luckey on Reddit:

http://www.reddit.com/r/oculus/comments/21cy9n/the_future_of...

>We can make custom hardware, not rely on the scraps of the mobile phone industry. That is insanely expensive, think hundreds of millions of dollars. More news soon.

http://www.reddit.com/r/oculus/comments/21lu33/introducing_m...

>You are right that screens with big lenses in front of your eyes is essentially a brute force design, a design that relies on utilizing the scraps of the mobile phone industry to provide a good VR experience at the cost of performance and form factor. Doing better requires insane resources, which we now have.



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