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Conina on 07 October 2016
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Pemalite said:

However...
* Quad Core AMD 7650K 3.3ghz APU. - $129
* Asrock Motherboard. - $79
* Silverstone Case - $49
* 1 Terabyte HDD. - $69
* Corsair 550 watt PSU. - $65
* Radeon 470 OC - $289
* 8Gb Ram - $59
For a total of $739 you have a VR capable PC.

If you threw roughly another $50 in you could get a 6-Core AMD 6300 chip which would be worth the jump IMHO and another $50 would get you a Radeon 480.

You can pick up a Gear VR for about $88-$98 down from $150 if you wait for the right opportunity to arise.
The price on VR-capable hardware is constantly coming down in price... By the time Sony releases it's VR solution, there would likely be further price movements in favour of the PC.

Aren't you forgetting a GearVR-compatible phone in that comparison?