Meta connected Wednesday confirmed that it plans to motorboat the adjacent user mentation of the Quest virtual world headset successful 2023. The societal media elephantine acknowledged the planned motorboat successful a press release delivering its 3rd 4th fiscal results.
Reality Labs hardware costs are expected to turn successful the coming months, Meta said successful a connection attributed to CFO David Wehner, "driven by the motorboat of our adjacent procreation of our user Quest headset aboriginal adjacent year."
The confirmation comes a mates weeks aft Meta unveiled the Quest Pro -- a mentation of the headset targeted astatine concern and endeavor users. That device's capabilities person been tailored for "collaboration and productivity," with full-color AR to powerfulness virtual workspaces, league rooms and collaborative plan projects.
Meta's Quest 2 launched successful 2020 and is immensely fashionable -- successful the archetypal 4th of 2022, Meta controlled 90% of the marketplace for VR headsets, according to IDC. Meta increased the cost of the instrumentality earlier this year, without immoderate hardware improvements.
Meta's serious investments successful the metaverse let it to connection exclusive VR contented and hardware astatine subsidized costs. Metaverse expenses volition proceed to summation successful 2023, Meta noted successful its Q3 report.
"We bash expect that Reality Labs operating losses successful 2023 volition turn importantly year-over-year," Wehner said successful his statement. Reality Labs refers to the Facebook concern conception that includes augmented and virtual world related hardware, bundle and content.
"Beyond 2023, we expect to gait Reality Labs investments specified that we tin execute our extremity of increasing wide institution operating income successful the agelong run."
Overall, Meta reported its gross was down 4% year-over-year to $27.7 cardinal and net per stock were down 49% to $1.64. The fig of regular progressive users connected Meta's household of products roseate 4%