• Oculus will release the Samsung Gear VR for only $99.

Oculus will release the Samsung Gear VR for only $99. (Photo : Reuters)

While the Oculus Virtual Reality (VR) Rift headset is schedule to be unveiled in early 2016, the $99 Samsung Gear VR will be shipped worldwide in November of this year. The new VR device is over one-fifth lighter than the Gear VR Innovator Edition, making it more portable through Samsung smartphones.    

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Gear VR runs with many handsets. They include Galaxy S6, S6 Edge, S6 Edge+, and Note 5.

Samsung also announced that the new VR headset includes an upgraded touchpad. This provides better control for gaming, movies, and 360-degree videos.

One major application is Oculus Arcade. It allows users to play classic games from Midway and Sega in 3D.  

Gear VR will also offer new games. They include space fights and puzzle-based titles.

The headset will also support Netflix and Twitch. Future integrations include Vimeo, Tivo, Lionsgate, and Twentieth Century Fox, according to PC Mag.

The Gear VR is ideal for on-the-go mobile gamers. However, the Oculus VR Rift is the most anticipated virtual reality gadget. 

Although the price point for the Rift headset has not been announced, it is set to ship out in Q1 2016. It will be bundled with an Xbox controller.

Rift will run on the Oculus Ready PC Program. Computer manufacturers such as Dell and Asus will offer Oculus-Ready PCs with a sticker showing their compatibility with Oculus Rift. The CPUs will have a price tag under $1,000.

Oculus announced updates for its VR gadgets at its Oculus Connect 2 conference on September 24, Thursday, according to Tech Crunch. CEO Brendan Iribe said that the dawn of VR could inspire "millions" of people.

Here is a first-look at the Oculus Samsung Gear VR: