Meta Quest store revenue quadrupled in the last three years

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The Meta Quest retailer, which initially launched in 2019 and consists of an assortment of video games and apps for the corporate’s line of VR headsets, has greater than quadrupled in income during the last three years, based on a Meta earnings call. Complete gross sales have handed $1 billion, marking an enormous progress in individuals shopping for VR software program for the reason that launch of the Meta Quest 2 in late 2020.

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Regardless of this, the division of Meta (beforehand Oculus) that develops the VR headsets, software program, and the corporate’s upcoming AR glasses lost $10.2 billion last year. It solely made $2.3 billion in income, which incorporates Quest gross sales and its reduce of VR software program purchases.

Meta loses cash on each Quest 2 bought, which is perhaps why these numbers do not look good, however the firm plans to take a position at least $10 billion extra within the division over the following a number of years. Cash from {hardware} gross sales is not precisely the objective when the corporate would do something to arrange you to slide you into its dead-eyed, corporate-soaked metaverse within the close to future. 

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(Picture credit score: Street to VR)

At present, the top selling games on the Meta Quest retailer are Zenith: The Final Metropolis, Beat Saber, and the Vader Immortal pack—all the kinds of belongings you’d need to purchase as quickly as you get a brand new headset. And there have been a whole lot of new headsets circulating on the market, little doubt helped by gross sales just like the latest Black Friday one. Qualcomm, a element associate with Meta, mentioned by means of “third-party market measurement estimates from trade analysts” that the Quest 2 shipped about 10 million units since its launch. Even when that quantity is fuzzy, that might be why Meta retailer gross sales are so excessive recently.

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