Meta Moves Ahead With Quest 4 VR Headset Despite Layoffs, Sets Release Date: Report
Portfolio Pulse from Franca Quarneti
Meta Platforms Inc (NASDAQ:META) is advancing with its VR and AR hardware plans despite layoffs in its Reality Labs division. The company aims to release the Quest 4 in 2026 and a higher-end headset in 2027. Meta is also working on AR glasses, though they face significant design challenges.
July 19, 2024 | 5:18 pm
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Meta Platforms Inc is moving forward with its VR and AR hardware plans despite recent layoffs. The Quest 4 is set for release in 2026, with a higher-end headset following in 2027. The company is also developing AR glasses, though they face significant design challenges.
Despite layoffs, Meta's commitment to its VR and AR product lines indicates a strong focus on future growth in these areas. The release timelines for Quest 4 and the high-end headset suggest a clear roadmap, which could positively impact investor sentiment. However, the design challenges for AR glasses may temper some of the enthusiasm.
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IMPORTANCE 80
RELEVANCE 100