The Korean consumer electronics giant has already developed early versions of the headset, which wraps around users' faces, giving users peripheral and forward views, anonymous sources told Engadget. The virtual reality headset would be compatible with Android games.
The finished product is intended to target a lower price, undercutting potential competitors, and could be the first mass market virtual reality headset released. Facebook bought Oculus VR for $2 billion earlier this year and Sony is working on its own Morpheus virtual reality headset, but those devices won't become available for at least another year.
Samsung did not immediately respond to requests for confirmation..