Reality Labs lost another ~$15 billion over FY 2024, between that and the Vision Pro apparently falling short of Apples expectations it doesn't seem like VR is going anywhere fast.
The price isn't crazy, it's a very well put together product and I actually find myself using them. I wish I could use my AI of choice rather than Meta, but even so the AI presence in the sunglasses is actually helpful sometimes and the rest of the time is completely out of mind.
By far the best "AI assistant" hardware by a mile. Super impressed by the team behind it.
For reference, Nintendo revenues somewhere around $13-14b.
Meta is losing almost as much per year as Nintendo has in total assets.
Even with acquisitions I can't make the math make any sense here.
I refer back to this very bearish blog post from the acquisition of Oculus predicting that Facebook/Meta would be a poor steward of VR. https://assayviaessay.blogspot.com/2014/03/virtual-spaces-re...
https://www.tomshardware.com/pc-components/gpus/intel-ceo-sa...
Maybe Meta will get lucky. Its better for company to bet on something than do nothing for years like Intel and cry about other's "luck"