Xbox et al is ~$17b/year in revenue. Meta's VR was ~$2bn last year. I'm shocked it's that high, but, honestly, for an early effort, that's pretty competitive.

Xbox et al is ~$17b/year in revenue. Meta's VR was ~$2bn last year. I'm shocked it's that high, but, honestly, for an early effort, that's pretty competitive. If I'm reading Microsoft's 2005 annual report right, Home & Entertainment revenue was $3bn in 2005. I still don't think VR is going to supplant console gaming, but console gaming is a big business--Xbox-level revenue would be a 15% increase in total revenue for Meta. I also don't think Zuck's stated aspirations are a +15% boost in revenue by becoming a successful competitor in the gaming market, which is why it's so easy to criticize the insanely overstated goals of the "metaverse."