'This price drop was as inevitable as it is beneficial,' Oculus' Jason Rubin said.
Sony's internal goal was to sell 1 million units within its first six months of release.
App works with the Oculus Rift Dev Kit 2 and lets users enjoy macOS in virtual reality.
"We're working on new ways to bring your hands in virtual and augmented reality," Zuckerberg said.
ZeniMax filed the lawsuit against Oculus in May 2014 for $2bn, just months after it was bought by Facebook.
IBTimes UK speaks to the CTO of visual effects company The Foundry about filmmaking in the VR era.
'Like most people in the court, I've never even heard of ZeniMax before,' Zuckerberg said while testifying.
Bethesda's parent company ZeniMax said they will prove allegations that Oculus stole VR trade secrets and destroyed evidence.
Dov Katz reportedly offered $360 for unprotected sex with a girl believed to be underage.
Players will be able to get virtually up close and personal with over 100 various dinosaurs and creatures.
Our guide to the best virtual reality headsets you can buy.
Microsoft announces Rift owners will be able to stream non-VR games to their headsets.
'I think we're a couple of years before we'll really see that hit mainstream.'
Fantasies of having sex with giants is possible with help from virtual reality and the Unity game engine.
Will the American tech giants return to the world's biggest internet market?
The company wants to offer a more affordable headset that will appeal to wider audiences.
"It is important to remember that Palmer acted independently in a personal capacity," CEO Brendan Iribe said
Virtual reality pioneer and inventor of the Oculus Rift anonymously backed "s**tposting" campaign group.
Cook raves over virtual and augmented reality technologies in new interview.
London property developer Higgins Homes is UK's first to replace show apartment with VR.
The new Intel Project Alloy is a mixed reality platform which blends VR with the real world.
Facebook's VR headset comes with a free game and can be pre-ordered from select retailers from today.