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Tag: Reality Labs

Reality Labs Revenue Drops to Lowest Point on Record Ahead of Quest 3 Launch

Meta today announced its third quarter earnings, revealing that revenue of its Reality Labs XR division dropped to its lowest point on...

Meta Says XR Losses Will Increase Due To Product Development

Meta expects its ongoing "losses" in its Reality Labs division to increase in 2024.Reality Labs is the division of Meta behind Quest headsets, the smart...

Analyst Claims Quest 3 Demand Is Far Below Forecast

Supply chain analyst Ming-Chi Kuo claims Meta is set to sell significantly fewer Quest 3 headsets than originally forecast.Kuo's latest report on Meta's Reality...

Analyst Claims Quest 3 Demand Is Far Below Meta’s Target

Supply chain analyst Ming-Chi Kuo claims Meta is set to sell significantly fewer Quest 3 headsets than originally forecast.Kuo's latest report on Meta's Reality...

Former Oculus CTO “unconvinced” Mixed Reality Apps Will Sell Headsets (like Quest 3)

Less than 48 hours after Meta fully unveiled Quest 3, John Carmack, legendary programmer and former CTO of Oculus, expressed doubts about...

Meta’s New Photorealistic Avatars Show Metaverse is Real

Despite declarations of its demise, Meta’s new photorealistic avatars prove that the metaverse is not dead after all. In a ‘Metaverse interview’ on the...

Quest Store Revenue Reaches $2 Billion, But Momentum Has Slowed Over the Last Year

Coming alongside the big Quest 3 info dump today at Connect 2023, Meta revealed that Quest Store games and apps have generated...

South Korea’s Kakao, Com2Us wind down metaverse units

South Korea’s top internet company Kakao and leading game developer Com2uS are sizing down their metaverse teams as the virtual world platforms recorded large...

Meta Touts Metaverse Reality as Apple Prepares Vision Pro

In a new ad campaign, Meta, the company previously known as Facebook, emphasizes the real and pragmatic socio-economic benefits of virtual reality, diverging from...

Comment: Things Go From Bad To Metaverse For Meta’s VR Money Pit – CryptoInfoNet

By Dave Lee / Bloomberg OpinionWhen it comes to measuring the progress of Mark Zuckerberg’s metaverse, big numbers have been in short supply. Only...

After 6 Years in Person & 3 Remote, Why is Meta Connect Still Not Held in VR?

Oculus Connect. Facebook Connect. Meta Connect. Whatever the company is calling its annual XR developer conference, it’s been nearly a decade since...

Meta Aims To Refresh Horizon Worlds Metaverse With New In-House Gaming Studio Ouro – CryptoInfoNet

Meta is working to reboot its lagging Horizon Worlds platform through a new in-house VR game studio, in a bid to help the platform...

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