Meta recently released very strong quarterly numbers, with Zuckerberg assuring the company will stay on track as long as it remains focused on the Metaverse.
After a lackluster performance in 2022 and a plummeting stock price, Meta posted a surprisingly impressive performance in the first quarter of 2023, and after facing three straight quarters of disappointment, the company is returning to profitability. was extended. The company also announced that the social media platform Facebook has added 37 million new users year-over-year.
Meta’s stock surged 10% within hours after the announcement, with the stock up 164% from its November 2022 low.
Meta has not pivoted from the metaverse
Despite recent reports, the company stay away from the metaverse Despite focusing on its advertising business and moving to AI, the company says it’s still stuck in the direction of the Metaverse Vision.
Despite the widely publicized losses in the Metaverse business, Meta boss Mark Zuckerberg said through a Facebook post that the company had yet to make a U-turn to AI and that artificial intelligence would complement the Metaverse. I assure you that I think
In a Facebook post, Zuckerberg said the “narrative” that Meta is pivoting away from its vision of the metaverse is “not accurate,” saying that the company is “focused on AI and the metaverse,” and that it’s moving in that direction. I said I would go along.
Meta doesn’t expect its Reality Labs division to be profitable yet, and investors have been very critical of the company’s massive investment in the loss-making Metaverse. Zuckerberg’s decision to pour investments into AI may somehow help appease worried investors. Wall Street certainly responded positively to the company’s stock gaining his 10%. However, Meta’s bets on the Metaverse continue to lose heavily, exceeding $10 billion annually.
Reality Labs lost nearly $4 billion in the quarter, too. Across 2022, the division lost his $13.7 billion. However, Mr. Zuckerberg points out that AR and VR technologies are closely tied to artificial intelligence.
In a Facebook post, Zuckerberg said Meta’s vision for AR glasses includes developing an AI-centric operating system that will form the “foundation for next-generation computing.”
On the metaverse front, Zuckerberg revealed in a phone call that up to half of Quest’s active users are now using headsets for more than an hour a day.
Meta doesn’t disclose how many daily active users the Quest headset has. Zuckerberg has described the development of the Metaverse as a “long-term project”, stating that the rationale for its development “remains the same” and that Meta remains committed to it.
Meta Quest 3 on track for 2023 launch
During the earnings call, Zuckerberg also reaffirmed that the “next-gen Quest headset,” widely assumed to be Meta Quest 3, will be released later this year.
Zuckerberg has announced the company’s next new virtual reality milestone.
- Over 1 billion meta avatars have been created so far.
- The number of Quest apps generating at least $25 million in revenue will double from 2022.
- Over half of our active daily users spend more than an hour on their headset.
Zuckerberg has not disclosed the number of daily active users for its Quest headsets, but The Wall Street Journal reported that the company had 6.37 million monthly users as of October 2022. I’m here.
Zuckerberg wrote that he was excited to showcase all the “improvements and new technology” the company has developed so far in its next Quest headset, adding that the headset’s pricing is “to make it available to many people.” It will be,’ he promised.
According to a March report from an inside source, Meta Quest 3 will cost slightly more than Meta Quest 2, which costs $400. The Meta CTO has also hinted that the currently hugely successful Meta Quest 2 will stay on the market for a little longer, suggesting that the current Quest headset won’t be fully replaced by the upcoming Meta Quest 3 headset. suggests.
https://virtualrealitytimes.com/2023/04/30/upcoming-meta-quest-3-headset-to-have-an-accessible-price/https://virtualrealitytimes.com/wp-content/uploads/2022/09/Meta-Quest-3-Schematics-600×306.pnghttps://virtualrealitytimes.com/wp-content/uploads/2022/09/Meta-Quest-3-Schematics-150×90.pngworkmetaMeta recently released very strong quarterly numbers, with Zuckerberg assuring the company will stay on track as long as it remains focused on the Metaverse. After a lackluster performance in 2022 and a plummeting stock price, Meta posted a surprisingly impressive performance in his first quarter of 2023.Rob GrantRob
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