Meta announces big price cuts for its VR headsets

The Meta’s Quest Professional headset which in line with the corporate has outward-facing cameras that seize the person’s bodily atmosphere in full coloration and allow the overlay of digital components like 3D fashions, drawings and screens, is seen on this undated handout image.

Meta | through Reuters

Meta will slash the costs of its Quest 2 and high-end Quest Professional headsets, the corporate introduced Friday.

The worth of the Meta Quest 2 will drop from $499.99 to $429.99, whereas the worth of the higher-end Meta Quest Professional can be slashed to $999.99 from $1,499.99.

Meta misplaced $13.7 billion on its Actuality Labs section in 2022. That is the enterprise unit chargeable for constructing the corporate’s bold metaverse applied sciences. Actuality Labs generated $727 million within the fourth quarter, and $2.16 billion in income for all of 2022 — a decline from $2.27 billion in 2021 — together with gross sales of Quest headsets. 

The Meta Quest Professional 2 was introduced in November, however its excessive worth put it out of attain for many shoppers. And there did not appear to be a transparent skilled use case both. The lower cost may make it extra engaging to each audiences.

“Our aim has all the time been to create {hardware} that is inexpensive for as many individuals as attainable to make the most of all that VR has to supply,” the corporate mentioned in a launch. The worth adjustments will start rolling out on March 5 for the Meta Quest 2.

U.S. and Canadian patrons can even see the Quest Professional’s new worth on March 5. Its worth will drop for the remainder of the world on March 15.

CNBC’s Ari Levy contributed to this report.

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