Earlier this week, the company announced a $100 price increase on its Meta Quest 2.
With an ever-expanding catalog of video games and impressive revenues in its digital store, no one would think that Meta has missed the mark with its Meta Quest 2. However, the latest figures presented by the company show that the path of Virtual Reality is not always synonymous with success, as it seems that the division dedicated to this technology is not always a success. has suffered financially in the last quarter.
After earning 8.36 billion in operating income, Meta can afford losses from its VR divisionAs reported from CNBC, Meta’s Reality Labs division, which is dedicated to Virtual Reality, has lost 2.81 billion dollars 452 million in revenues, which is established as the second consecutive quarter of decline financial decline in the division. A data that comes to light days after the company decided to increase the price of its Meta Quest 2.
While this is bad news for Meta, it is worth remembering that the company generates so much money that it can afford significant losses. Following the information from the aforementioned media outlet, the company led by Mark Zuckerberg has earned 8.36 billion dollars in operating income and 28.82 billion in total sales during the last three months.
In addition, everything points to the company’s continued strong commitment to experiences related to the Virtual Reality and the metaverse. After all, Meta has already announced the future release of four new glasses that will not only focus on VR technology, but will also explore the possibilities of the Augmented Reality through projects focused on both entertainment and user productivity.
