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 storiesVR Gaming Revenue Growth
Latest News
Companies are making significant moves towards the clean energy transition in various ways. In order to reduce carbon emissions, certain companies are investing in several rescue methods in 2024. Renewables production is growing over time as the…
Amazon is one of the leading global e-commerce platforms for consumers. The brand boosts its online shopping experience for users in multiple ways. Surveys show that Amazon regulates several business solutions to increase its products and services…
Globally, countries are facing challenges in the transformation of green energy. The economies worldwide target to achieve net zero emissions. Hence, countries are introducing several ways to reduce environmental carbon emissions. Developing…
China is the leading nation in the energy market. Since the clean energy transition focuses on renewables, China surpasses other nations in renewables production. In a mission to strengthen its energy security, China moves forward with oil and gas…
There will be a surge in copper demand in the energy market in 2024. The growing demand for copper contributes to different usages in the energy market. China stands out in the copper exports of 2024. The Chinese economy is booming, with an…
Team Lead - Research