Meta gets real about runaway VR costs, prepares for cuts (just as Apple joins the race)

[iMore.com]

Investor interest in AI is putting the pressure on Meta’s metaverse ambitions, just as it faces new competition from Apple.

Meta gets real about runaway VR costs, prepares for cuts (just as Apple joins the race) : Read more

 

[FFR]

Vr is dead.

Cutting 20% from the quest hardware team isn’t going to help, Meta spent $4.3 billion on its VR division in three months, and made *checks notes* $440 million in return

And try as they might it’s impossible to pivot it’s gaming focused meta quest 3 from vr to Xr. The only thing it will accomplish is make a worse functioning product.