Modern consumer tech is entirely devoted to developing products that are smaller, thinner, and faster. For example, Millions of people line up every year to get the newest iPhone, which is often a slimmer "upgraded" version of the prior model. As consumer electronics continue this trend, tech manufacturers are faced with a puzzling reality: they must grow sales and heighten product differentiation; the only problem is corporations tend to struggle with innovation.
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Facebook (FB) continued its massive spending spree a few weeks back, purchasing Oculus VR, a technology company that specializes in virtual reality, for $2 Billion. This acquisition occurred a mere few months after Facebook purchased messaging service WhatsApp, for $19 Billion.
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