Generative Data Intelligence

Tag: Reality Labs

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...

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...

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’s 2023 AR/VR Revenue Down Year-On-Year Ahead Of Quest 3 Launch

Meta's Reality Labs revenue is down-on-year when compared to the same periods in 2022. Reality Labs is the division at Meta that handles all...

Meta’s XR Revenue Down 39% “due to lower Quest 2 sales,” as Quest 3 & Vision Pro Loom

Meta’s latest quarterly results show its Reality Labs XR division is again reporting an operating loss just south of $4 billion. Now,...

Meta Q2 earnings: Reality Labs losses top $7.7B year to date

Meta's metaverse-related losses topped $3.74 billion over the second quarter with the Big Tech player spending $7.7 billion on its virtual reality business so...

Meta’s Metaverse Division Bleeds $3.7 Billion In Q2 – CryptoInfoNet

The company formerly known as Facebook remains set on its metaverse ambitions despite its division focused on that segment routinely losing billions by the...

Meta CTO Says Quest 3 Announcement Timing Had ‘Nothing to do with Vision Pro’

Meta CTO Andrew “Boz” Bosworth said this week that the announcement of Quest 3, which came just days ahead of Vision Pro...

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