Meta Is Reportedly Teaming Up With LG To Launch Quest Pro VR Headset In 2025
Portfolio Pulse from Benzinga Neuro
Meta Platforms Inc. (NASDAQ:META) is reportedly partnering with LG Corporation to launch an upgraded Quest Pro virtual reality headset in 2025. The device could be priced around $2,000 and feature LG displays and components. Meta is also rumored to be planning a budget-friendly Quest headset for next year, priced under $200. The new high-end Quest is expected to compete against Apple Inc.’s (NASDAQ:AAPL) $3,499 Vision Pro headset.
September 05, 2023 | 1:56 am
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POSITIVE IMPACT
Meta's partnership with LG for a new VR headset could boost its position in the VR market.
The partnership with LG could provide Meta with access to advanced technology and components, potentially improving the quality of its VR products and making them more competitive.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
The new Meta VR headset is expected to compete with Apple's Vision Pro headset.
The news is indirectly related to Apple as the new Meta VR headset is expected to compete with Apple's Vision Pro headset. However, the impact on Apple's stock is uncertain as it depends on the success of Meta's new product.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50