Get ready for another Apple event. After launching the iPhone 15 last month, the company has another presentation on tap, and the teaser suggests Cupertino will reveal new Macs.
06.10.2023 - 14:11 / pcgamesn.com / Ming-Chi Kuo / Meta Quest
Hype has been steadily building for the imminent arrival of the Meta Quest 3, but an industry analyst has poured cold water over the impending launch with some shocking allegations about expected sales figures for the VR headset.
It looks like the Meta Quest 3 may be on track to sell far fewer units than its predecessor, the Meta Quest 2, in a shocking reveal which dampens hype considerably.
Meta has been preparing for the Meta Quest 3 release date for some time with a drip feed of promotional videos and new details about the headset. The tech company is clearly keen to improve on the drawbacks of the Meta Quest 2 with its successor.
The Quest 3 is 40% smaller than its predecessor, although no lighter, with double the processing power and a 30 percent “better” resolution. It’s also more expensive, especially given the Quest 2’s recent price drop.
Early indications suggest consumers aren’t convinced by the Quest 3, according to TF International Securities analyst Ming-Chi Kuo. In fact, her Medium piece paints a picture of declining demand in head-mounted displays and the metaverse in general.
According to the analyst, “The original shipment forecast for Quest 3 in 2H23 was set at over 7 million units. However, due to anticipated weak demand, the current shipment forecast for 2H23 has been cut to between 2–2.5 million units, with shipments in 2024 estimated at around 1 million units.”
Selling 5 million units fewer than forecasted in 2023 would surely be a disaster for Meta. The picture for 2024 isn’t any rosier, either, with shipments for the entire year allegedly estimated at just one million. Ming-Chi Kuo goes on to speculate that “the potential losses for Meta’s HMD/metaverse hardware business may exceed projections and warrant investors’ attention.”
It’s possible these dire projections prompted the recent Meta lay-offs reported by Reuters. Apparently, 4,000 jobs across various Meta teams, including Facebook, Instagram, and Reality Labs – which is responsible for virtual reality technology – are being cut.
At any rate, it looks like the future of virtual reality is in doubt. Despite Mark Zuckerberg being a huge proponent of VR and the metaverse, consumers seem unconvinced by his vision so far.
The Meta Quest 3 will be arriving very soon, so make sure you check back to our website for our full review. If you’re planning to pick a Quest 3 up, make sure to check out our list of the best VR games so you’ve got plenty to sink your teeth into when your shiny new headset arrives.
Get ready for another Apple event. After launching the iPhone 15 last month, the company has another presentation on tap, and the teaser suggests Cupertino will reveal new Macs.
Roblox is off to a great start on PlayStation. This analysis comes from Mat Piscatella, executive director and leading analyst at Circana (NPD). In a post on X, formerly known as Twitter, Piscatella said Roblox "ranked 3rd in percentage of PlayStation players that played the title at least once" during its launch on the PlayStation, trailing only Call of Duty: Modern Warfare 2 and Fortnite.
Earlier this week, popular social gaming platform Roblox expanded itself to PlayStation, after already being available on PC, Mac, iOS, Android, and Xbox. The move was announced in September when Roblox revealed that it would be bringing its full catalogue of experiences to PlayStation. At this moment, Roblox and all of its popular games such as Anime Champions Simulator, Blade Ball, Cotton Obby, All Star Tower Defence, Pet Simulator X, and more can be playable if you own a PS4 or PS5.
Pickleball One from Playin Games will let players bring the court to life at home via Meta Quest starting on October 19. The multiplayer VR fitness game lets users play singles or doubles matches at home in real time.
AMD's AI segment will witness a tremendous "upturn" in the coming years since the prominent analyst Ming-Chi Kuo disclosed a "rapid growth" in the company's future revenue.
The dust is beginning to settle on the launch of the Meta Quest 3, and while folks who pre-ordered the new mixed-reality headset seem happy, there are plenty of people who will still be looking for a bundle or deal now that reviews are out.
Suit up, folks; PowerWash Simulator VR is heading to Meta Quest headsets in just under a month's time.
It might seem sus, but you have to believe me when I tell you that, according to a recent PlayStation blog, Among US VR is on its way to PSVR2. In the past, we’ve reported on the virtual reality version of the hit party game coming to Steam and Meta Quest, but now that the PSVR2 has been out for a while, it’d seem Sony is hitting the Emergency Alert button and planning a release for its headset.
Meta has revealed that pre-orders are available for the latest in the Quest flagship VR headset line, the Meta Quest 3. Announced during Meta Connect 2023, an annual hardware showcase, alongside of a slew of other products, the Meta Quest 3, is set to be the most powerful VR headset from Meta yet.
Talespin, which uses spatial computing to train workers, announced the launch of its extended reality (XR) learning app on Meta Quest.
Meta Quest 3 vs Apple Vision Pro: After being teased in June, Meta Platforms yesterday finally launched the Quest 3, its next mixed reality headset and the successor to Quest 2, at the Connect 2023. Meta CEO Mark Zuckerberg took to the stage to give us a proper look at the headset, its features, supported apps and games, and more. And yes, there were some shots at Apple too! For instance, Zuckerberg jokingly claimed that the Quest 3 requires “no wires, no battery pack”.
Xbox Cloud Gaming is officially coming to the Meta Quest 3 in December.