This is the WOW! bit:
Currently spherical cameras are very costly and may having some technical difficulties with image stitching. Insta360 is priced under 200 dollars, which is considered to be a fairly low-priced product with a huge market potential in personal consumption.
Boldfaced emphasis added by me.
Unlike the Gear 360, this can work with a variety of phones. The Gear 360 is compatible only with certain Samsung phones.
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