The news comes in the wake of a backlash against Oculus Rift's $599 price tag, £499 in the UK, announced earlier this week. Founder Palmer Luckey apologised to fans, saying he'd previously underestimated the price of the headset, but still claims it is 'obscenely cheap' for what it is. In US terms, Rift will cost $600 to PlayStation VR's $800.