Meta Quest 2 Price Permanently Cut In Half, Concerns Linger About Long-Term Support
Portfolio Pulse from Franca Quarneti
Meta Platforms Inc (NASDAQ:META) has permanently reduced the price of the Meta Quest 2 VR headset to $199, half its original price. Despite the release of Quest 3, Quest 2 remains popular, compatible with all Quest games except Quest 3 exclusives. Concerns about long-term support linger, but Meta CTO assures support for first-party games. Quest 2 is Meta's best-selling headset, contributing to the majority of 20 million headsets sold by February 2023.
April 19, 2024 | 8:31 pm
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NEUTRAL IMPACT
Meta Platforms Inc has halved the price of its Quest 2 VR headset to $199, aiming to maintain its attractiveness despite the Quest 3 launch. Quest 2's significant sales figures and concerns about long-term support could influence investor sentiment.
The price reduction of Quest 2 could potentially increase sales volume, maintaining its market presence against competitors and newer models like Quest 3. However, concerns about long-term support might temper investor enthusiasm, making the short-term impact neutral. The importance is high due to Quest 2's contribution to Meta's overall sales, but the confidence in the direction of the impact is moderated by the uncertainty regarding long-term support.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100