Meta, the corporate behind Fb, lately launched a Digital Actuality (VR) subscription service, providing paying customers entry to 2 new video games every month.
Regardless of reporting a $4 billion loss in its VR unit for the primary quarter of the 12 months, the corporate stays aggressive, particularly with tech giants like Apple coming into the fray with their much-anticipated combined actuality headset.
Meta’s subscription service, named Meta Quest+, is priced at $7.99 per 30 days or $59.99 yearly. It’s appropriate with the Quest 2, Quest Professional, and the forthcoming Quest 3 headsets.
This transfer comes after Meta CEO Mark Zuckerberg introduced in 2021 the corporate’s bold plans to create a metaverse—a digital world the place folks can work together, work, and play. Zuckerberg considers Synthetic Intelligence (AI) as pivotal for unlocking the potential of the metaverse, saying a number of bold AI tasks final February.
Regardless of the losses in its Actuality Labs division—the arm chargeable for VR headsets—the corporate total surpassed market expectations, posting a $5.7 billion revenue for the primary quarter of this 12 months.
In distinction, Apple’s Imaginative and prescient Professional combined actuality headset, unveiled earlier this month, is priced at $3,499 and is predicted to launch in the USA early subsequent 12 months.
This makes it considerably dearer than Meta’s vary of VR headsets, that are priced between $299.99 and $999.99. This aggressive panorama suggests an accelerating race to dominate the rising subject of digital and combined realities.
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