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Reality Lab (VR) revenue is down +50% YoY which seems surprising. I know VR is not doing great but 50% is a major drop.

by belval 3y ago

samspenc 3y ago
Maybe poor sales? And why they cut prices so significantly on all their VR headsets.
- dougmwne 3y ago
  Quest 2 is actually up in price from 299 to 399. It’s not currently on sale. By all indications, it wildly exceeded initial sales expectations. Quest 1 is estimated to have sold 1 million units and Quest 2 did an estimated 20 million units, putting it up there with next gen console sales. The Quest Pro dropped from 1499 to 999, but that headset was a boondoggle without a clear target consumer. I believe it was always intended to be a low-volume headset to get user feedback on early AR features, not a legitimate attempt to profit on hardware sales. Some of the Quest Pro AR features are expected to be included in the Quest 3.
  - ChuckNorris89 3y ago
    >Quest 2 is actually up in price from 299 to 399. I assume that a lot of the chips, and parts in the headset also went up in price since launch and it's not all just profiteering.
    - dougmwne 3y ago
      I’m sure that’s the case and they were also widely reported to be selling each unit at a loss for 299.
- baby 3y ago
  Oh wow, didn’t see the price cut > The price of the 256GB Meta Quest 2 will drop from $499.99 to $429.99, while the price of the higher-end Meta Quest Pro will be slashed to $999.99 from $1,499.99. My guess is that the Quest 3 is coming and they think the Quest Pro original pricing was a mistake that prevented it to find its market?
deleted 3y ago
[deleted]
timmg 3y ago
No new hardware?
mupuff1234 3y ago
Sounds reasonable, if someone hasn't bought oculus quest 2 so far I don't see much of a reason they suddenly will. It's like a gaming console with no new games.
- jonny_eh 3y ago
  It is a game console with no new games.
- smoldesu 3y ago
  What if I line the faceplate with Corinthian leather and charge you $3,000 for it? The battery pack goes in your pocket btw.
dougmwne 3y ago
That seems expected. They are very late in the cycle of the current Quest 2 headset and there have been no major game releases for months. Quest 3 with a new stable of launch titles is likely less than 6 months away. Other moves have been suggesting that Meta will draw down their investment in VR, likely due to not hitting the product market fit in Social and Social-Business they were hoping for. Games will probably remain a focus while the tech matures to the point where AR applications can take off (or Apple proves theres a market).
krasin 3y ago
Oculus Quest 2 headset is almost three years old and it's hard to recommend to others. They also raised prices for it, while competitors released better headsets. Plus, Meta alienated a lot of early supporters by pushing the Facebook account instead of Oculus one; by making BeatSaber with custom songs miserable; by slowly shutting down Echo Arena VR and many other stupid things. They might still come around, their technonogical momentum is real.
baby 3y ago
I’m guessing I’m not the only one who’s been waiting for the Quest 3.

Reality Lab (VR) revenue is down +50% YoY which seems surprising. I know VR is not doing great but 50% is a major drop.

by belval 3y ago

Reality Lab (VR) revenue is down +50% YoY which seems surprising. I know VR is not doing great but 50% is a major drop.

samspenc 3y ago

Maybe poor sales? And why they cut prices so significantly on all their VR headsets.

dougmwne 3y ago
Quest 2 is actually up in price from 299 to 399. It’s not currently on sale. By all indications, it wildly exceeded initial sales expectations. Quest 1 is estimated to have sold 1 million units and Quest 2 did an estimated 20 million units, putting it up there with next gen console sales. The Quest Pro dropped from 1499 to 999, but that headset was a boondoggle without a clear target consumer. I believe it was always intended to be a low-volume headset to get user feedback on early AR features, not a legitimate attempt to profit on hardware sales. Some of the Quest Pro AR features are expected to be included in the Quest 3.
- ChuckNorris89 3y ago
  >Quest 2 is actually up in price from 299 to 399. I assume that a lot of the chips, and parts in the headset also went up in price since launch and it's not all just profiteering.
  - dougmwne 3y ago
    I’m sure that’s the case and they were also widely reported to be selling each unit at a loss for 299.
baby 3y ago
Oh wow, didn’t see the price cut > The price of the 256GB Meta Quest 2 will drop from $499.99 to $429.99, while the price of the higher-end Meta Quest Pro will be slashed to $999.99 from $1,499.99. My guess is that the Quest 3 is coming and they think the Quest Pro original pricing was a mistake that prevented it to find its market?

deleted 3y ago

[deleted]

timmg 3y ago

No new hardware?

mupuff1234 3y ago

Sounds reasonable, if someone hasn't bought oculus quest 2 so far I don't see much of a reason they suddenly will. It's like a gaming console with no new games.

jonny_eh 3y ago
It is a game console with no new games.
smoldesu 3y ago
What if I line the faceplate with Corinthian leather and charge you $3,000 for it? The battery pack goes in your pocket btw.

dougmwne 3y ago

That seems expected. They are very late in the cycle of the current Quest 2 headset and there have been no major game releases for months. Quest 3 with a new stable of launch titles is likely less than 6 months away. Other moves have been suggesting that Meta will draw down their investment in VR, likely due to not hitting the product market fit in Social and Social-Business they were hoping for. Games will probably remain a focus while the tech matures to the point where AR applications can take off (or Apple proves theres a market).

krasin 3y ago

Oculus Quest 2 headset is almost three years old and it's hard to recommend to others. They also raised prices for it, while competitors released better headsets. Plus, Meta alienated a lot of early supporters by pushing the Facebook account instead of Oculus one; by making BeatSaber with custom songs miserable; by slowly shutting down Echo Arena VR and many other stupid things. They might still come around, their technonogical momentum is real.

baby 3y ago

I’m guessing I’m not the only one who’s been waiting for the Quest 3.