Mark Zuckerberg Says Meta Quest 3 Will Be The First Easily Accessible Mainstream VR Headset
Portfolio Pulse from Ananya Gairola
During Meta Platforms Inc.’s second-quarter earnings call, CEO Mark Zuckerberg announced that Quest 3 would be the first mainstream accessible VR device. The headset will feature improved displays, resolution, and a next-gen Qualcomm chipset. Despite competition from Apple Inc., Zuckerberg believes Quest 3 will be the primary beneficiary of the growing demand for mixed reality devices. The CFO of Meta also revealed a 39% decline in Q2 revenue for Reality Labs due to lower Quest 2 sales.
July 27, 2023 | 9:46 am
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POSITIVE IMPACT
Meta's upcoming Quest 3 VR headset is expected to be a game-changer in the mixed reality market.
The announcement of the Quest 3, with its advanced features and competitive pricing, is likely to boost investor confidence in Meta. However, the reported decline in Q2 revenue for Reality Labs could temper this optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Apple's entry into the mixed reality market is acknowledged by Meta, but they believe their Quest 3 will be the primary beneficiary of the growing demand.
While Apple's entry into the mixed reality market is significant, Meta's confidence in their upcoming Quest 3 suggests they do not view Apple as a major threat in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50