Meta to Launch VR Headset in 2024

By Aarti Dhapte , 09 March, 2023

Meta is currently investing much money in the virtual reality in comparison to other companies in the world. Mark Zuckerberg is already trying to pursue his vision of revolutionizing the world of entertainment industry and work with the Metaverse. According to the data, in 2022 more than $25 billion got into Meta’s research and development department.

The reports reveal that Meta has generated an amount of $5.2 billion dollars with the hardware with an impressive market share of 75 percent. The market dominance of Oculus Quest 2 has been reflected through Californian company’s investments. Sony PlayStation is the closest competitor on the basis of sales, and 6.6 million headsets have also been sold worldwide. In contrast to Oculus Quest, VR goggles are supposed to console gaming and can be used less flexibility. This is one of the main reasons for Sony’s headset’s market share of five percent only.

Apple is launching another competing product in 2023. The product, Reality Pro is anticipated to be mixed reality glasses. Thus, Apple’s Reality Pro is thought to show a mix reality between virtual and augmented reality. After Apple Watch in 2015, this headset is Apple’s first venture into a new product category. But the price $3,000 indicates that Reality Pro is not for the average consumer for now.

Thus, as per the reports says, Meta plans to launch a VR headset named “Ventura” in 2024. It also intends to sell it “at the most attractive price point in the VR market.” It also plans to launch in 2025 the third-generation Ray-Ban stories.

VR Game Revenue

Latest News

VR Game Revenue
Microsoft To Invest USD 3.4 Billion On Artificial Intelligence In Germany

Artificial intelligence is enhancing the tech industry nowadays. In the past years, artificial intelligence has played a pivotal role in functioning cloud computing and other tech industry infrastructure. One of the bug techs, Microsoft, is investing…

Read More

VR Game Revenue
Solar And Wind Energy Leads to Environmental Waste in 2024

Renewable energy is considered as an alternative to fossil fuels. Nations are replacing fossil fuels with renewables to achieve sustainability in the environment. Renewable energy sources regulate specific sectors like electricity, transportation…

Read More

VR Game Revenue
Sustainable Aviation Fuel From Human Waste Can Accelerate Clean Energy Transition

In the industrial applications and production sector, sustainability will play a significant role in  2024. Industries are growing interested in adopting sustainable approaches in light of the clean energy transition. The aviation industry in 2024…

Read More

VR Game Revenue
Battery Storage Is The Leading Energy Investment In 2024

Energy storage is the main component in the clean energy transition as it facilitates the storage and discharge of energy. Battery storage is expected to support clean energy transition in the upcoming years. A survey shows battery storage can be a…

Read More

VR Game Revenue
India Emerges As Leading Net Importer For Finished Steel

India leads the steel industry, being the second largest steel producer globally. However, India finishes as a net importer in the steel industry with finished steel in 2024. According to data from 2023-2024, India emerges as a net importer of…

Read More

Author Pic
Aarti Dhapte

Team Lead - Research