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Reality Labs lost another ~$15 billion over FY 2024, between that and the Vision Pro apparently falling short of Apples expectations it doesn't seem like VR is

Reality Labs lost another ~$15 billion over FY 2024, between that and the Vision Pro apparently falling short of Apples expectations it doesn't seem like VR is going anywhere fast.

mattbillenstein 2y ago
VR has always sorta been a hedge against missing the next platform the way many companies missed out on the smart phone or social networking - it was never obvious it was going anywhere really.
- fullshark 2y ago
  Maybe for Apple and the Vision Pro, but Meta wants to own and manifest the next platform into existence, wouldn't call the investments a hedge.
  - MangoCoffee 2y ago
    "Nvidia got lucky with GPU" - Intel https://www.tomshardware.com/pc-components/gpus/intel-ceo-says-nvidias-ai-dominance-is-pure-luck-nvidia-vp-fires-back-says-intel-lacked-vision-and-execution https://www.tomshardware.com/pc-components/gpus/intel-ceo-sa... Maybe Meta will get lucky. Its better for company to bet on something than do nothing for years like Intel and cry about other's "luck"
- h0us3 2y ago
  [dead]
- mardef 2y ago
  And FB would really like to own the next platform so they don't get kneecapped again by things like Apple's Do Not Track.
megaman821 2y ago
How much of Meta's revenue does Apple have control over? This is just the price of insurance to make sure it doesn't happen again.
bane 2y ago
Honestly, where in the hell is that money going? That's like space program funding, not "repackage commodity phone parts into a headset" funding. For reference, Nintendo revenues somewhere around $13-14b. Meta is losing almost as much per year as Nintendo has in total assets. Even with acquisitions I can't make the math make any sense here. I refer back to this very bearish blog post from the acquisition of Oculus predicting that Facebook/Meta would be a poor steward of VR. https://assayviaessay.blogspot.com/2014/03/virtual-spaces-real-data.html https://assayviaessay.blogspot.com/2014/03/virtual-spaces-re...
- HDThoreaun 2y ago
  All the AI research is under reality labs. Llama team is probably going through a few billion in capex alone. Nintendo doesnt produce most of their own games. Meta employees probably cost 5-10x as much on average compared to Nintendo employees. Honestly wouldnt surprise me if the average is above 10x
cco 2y ago
Ray Ban Meta is the first AR/VR product that's worth the price of admission imo. The price isn't crazy, it's a very well put together product and I actually find myself using them. I wish I could use my AI of choice rather than Meta, but even so the AI presence in the sunglasses is actually helpful sometimes and the rest of the time is completely out of mind. By far the best "AI assistant" hardware by a mile. Super impressed by the team behind it.

Reality Labs lost another ~$15 billion over FY 2024, between that and the Vision Pro apparently falling short of Apples expectations it doesn't seem like VR is going anywhere fast.

mattbillenstein 2y ago

VR has always sorta been a hedge against missing the next platform the way many companies missed out on the smart phone or social networking - it was never obvious it was going anywhere really.

fullshark 2y ago
Maybe for Apple and the Vision Pro, but Meta wants to own and manifest the next platform into existence, wouldn't call the investments a hedge.
- MangoCoffee 2y ago
  "Nvidia got lucky with GPU" - Intel https://www.tomshardware.com/pc-components/gpus/intel-ceo-says-nvidias-ai-dominance-is-pure-luck-nvidia-vp-fires-back-says-intel-lacked-vision-and-execution https://www.tomshardware.com/pc-components/gpus/intel-ceo-sa... Maybe Meta will get lucky. Its better for company to bet on something than do nothing for years like Intel and cry about other's "luck"
h0us3 2y ago
[dead]
mardef 2y ago
And FB would really like to own the next platform so they don't get kneecapped again by things like Apple's Do Not Track.

megaman821 2y ago

How much of Meta's revenue does Apple have control over? This is just the price of insurance to make sure it doesn't happen again.

bane 2y ago

Honestly, where in the hell is that money going? That's like space program funding, not "repackage commodity phone parts into a headset" funding. For reference, Nintendo revenues somewhere around $13-14b. Meta is losing almost as much per year as Nintendo has in total assets. Even with acquisitions I can't make the math make any sense here. I refer back to this very bearish blog post from the acquisition of Oculus predicting that Facebook/Meta would be a poor steward of VR. https://assayviaessay.blogspot.com/2014/03/virtual-spaces-real-data.html https://assayviaessay.blogspot.com/2014/03/virtual-spaces-re...

HDThoreaun 2y ago
All the AI research is under reality labs. Llama team is probably going through a few billion in capex alone. Nintendo doesnt produce most of their own games. Meta employees probably cost 5-10x as much on average compared to Nintendo employees. Honestly wouldnt surprise me if the average is above 10x

cco 2y ago

Ray Ban Meta is the first AR/VR product that's worth the price of admission imo. The price isn't crazy, it's a very well put together product and I actually find myself using them. I wish I could use my AI of choice rather than Meta, but even so the AI presence in the sunglasses is actually helpful sometimes and the rest of the time is completely out of mind. By far the best "AI assistant" hardware by a mile. Super impressed by the team behind it.