From CNET: Facebook and Instagram parent company Meta has reported an operating loss of $7.732 billion in its Reality Labs segment during the six months ended June 30. Reality Labs includes all of Meta's virtual reality and augmented reality hardware, software and content.
It comes ahead of the company launching its new VR headset, the Quest 3, which is due to be released this fall.
The Quest 3 VR headset will start at $499. It will have a smaller size, a faster processor, improved controllers, and more color cameras to improve the mixed reality experience for VR games and apps.
Meta recently dropped the price of its Quest 2 VR headset -- the most popular VR headset on the market currently -- to $299 and last year also launched a business-focused version, the $1,500 Meta Quest Pro VR headset.
But Meta still expects to lose more in this segment. "For Reality Labs, we expect operating losses to increase meaningfully year-over-year due to our ongoing product development efforts in augmented reality/virtual reality and investments to further scale our ecosystem," Meta said in its CFO outlook commentary Wednesday.
View: Full Article
