VR headsets were hot items at the MWC, there we saw the HTC Vive and Samsung Gear VR. The Vive is just a head-mounted display - a tower PC does all the work (and there are cables tying you down). The Gear VR is tether-free, but requires the use of your smartphone (select few flagship Galaxy phones). Aiwear (a company that mostly builds imitation smartwatches) has found a middle ground - its VR headset doesn't have cables that get in the way and doesn't need a phone either. It brings its own display - 5.5" 1080p - and its own processing power. That is where things get iffy. The Aiwear VR headset has a quad-core processor, a single gigabyte of RAM and runs an outdated Android 4.4 KitKat. The Aiwear VR headset brings its own screen and processing power, no phone required It does bring its own 9-axis motion sensor though and assuming that is more accurate than the one in your phone, you may see some benefit over just buying a Google Cardboard or a Mattel ViewMaster. At least those let you use a phone with a beefier...
Source: http://www.gsmarena.com/aiwear_vr_headset_works_without_computer_or_phone_attached-news-17109.php