Meta's Metaverse Ambitions Hit A Roadblock
Portfolio Pulse from Anusuya Lahiri
Meta Platforms Inc's Quest VR headsets are experiencing low sales due to customers' reluctance to try them on in stores, partly due to hygiene concerns. Despite sanitization efforts, the discomfort from the pandemic persists. Sales are so low that some carrier stores have demoted their placement. Meta, facing high costs and upcoming competition from Apple's Vision Pro, canceled plans for its own retail stores and instead extended return policies to encourage home trials. META shares dropped by 2.65% recently.
November 30, 2023 | 6:20 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Meta's Quest VR headsets are not selling well due to hygiene concerns and the company's shares have recently fallen by 2.65%.
The low sales of Quest VR headsets due to hygiene concerns directly affect Meta's revenue from this product line. The recent share price drop indicates a negative market reaction, likely influenced by the reported sales issues and scrapped plans for Meta Stores.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
AT&T Inc sells Meta's Quest VR headsets, which are currently experiencing low sales.
As a carrier selling Meta's Quest VR headsets, AT&T may see a minor negative impact on its retail segment due to low sales of these headsets. However, the overall impact on AT&T's stock may be limited as it is a diversified telecommunications company.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
T-Mobile US, Inc is one of the carriers selling Meta's Quest VR headsets, which are not selling well.
T-Mobile's retail performance may be slightly affected by the low sales of Meta's Quest VR headsets. However, the impact on T-Mobile's stock is likely to be minimal due to its broader business operations.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
Verizon Communications Inc offers Meta's Quest VR headsets, which are facing low sales.
Verizon may experience a slight negative impact in its retail segment from the low sales of Meta's Quest VR headsets. The overall effect on Verizon's stock is expected to be small, given the company's size and diversification.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
Apple Inc is expected to introduce Vision Pro next year, which may compete with Meta's Quest VR headsets.
Apple's entry into the VR market with Vision Pro next year presents potential competition for Meta's VR products. However, the impact on Apple's stock is uncertain without specific sales data or market response.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50