Meta And LG Slow Down XR Collaboration As LG Considers Amazon Partnership: Report
Portfolio Pulse from Franca Quarneti
LG Corporation is reportedly slowing down its XR collaboration with Meta Platforms, with a potential shift towards a new partnership with Amazon. Meta's Reality Labs continues to face significant financial losses, while the broader VR/AR industry, including Sony and Apple, is also experiencing challenges.
May 20, 2024 | 7:56 pm
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NEGATIVE IMPACT
Apple's Vision Pro headset is experiencing sluggish sales, with some stores selling as few as two units per week. This indicates potential challenges in the broader VR/AR market.
The sluggish sales of Apple's Vision Pro headset suggest difficulties in consumer adoption of VR/AR products, which could impact Apple's revenue from this segment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Meta's XR collaboration with LG is slowing down, potentially impacting its product development timeline and financial performance. Meta's Reality Labs is already facing significant financial losses.
The slowdown in the XR collaboration with LG could delay Meta's product launches and exacerbate financial losses in its Reality Labs division, which is already losing a billion dollars monthly.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Sony has paused production of its PSVR 2 headset due to unsold inventory, reflecting challenges in the VR/AR market.
The pause in production of Sony's PSVR 2 headset due to unsold inventory indicates a lack of consumer demand, which could negatively impact Sony's revenue from VR products.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50