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I don’t think Reality Labs did as well as they thought it would, but they built a $2 billion annual revenue business and can probably cut R&D once the technolog
by dangus 3y ago
I don’t think Reality Labs did as well as they thought it would, but they built a $2 billion annual revenue business and can probably cut R&D once the technology is mature. At the end of it they’ll be in a duopoly with Apple with both companies controlling all the software royalties for the major popular AR platforms.
- sp332 3y agoRevenue in the virtual reality and augmented reality division dropped 26% from $285 million a year earlier to $210 million. https://www.cnbc.com/2023/10/25/metas-reality-labs-loses-3point7-billion-in-third-quarter.html https://www.cnbc.com/2023/10/25/metas-reality-labs-loses-3po...
- rchaud 3y agoYikes. $210m revenue on a $4bn loss. Even I could put together a million dollar business if I was allowed to lose $20m doing it.