VR Industry

VR Industry

2022 Was a Plateau Year for VR, Here’s What to Expect in 2023

The end of 2022 marks more than a decade since the Oculus Kickstarter sparked the modern era of VR. While the space has undoubtedly...

Meta Reality Labs Latest Revenue & Operating Cost Figures Aren’t Going to Make Investors...

In Meta's most recent quarterly earnings call the company shared the latest revenue figures of Reality Labs, the company's XR division. In the third...

Quest Store Surpasses $1.5 Billion in Content Revenue, Showing Continued Growth

At Connect 2022 this month, Meta announced the Quest content store has surpassed $1.5 billion in purchased VR content since its launch in 2019,...

Valve Corrects Steam Survey Data Revealing Latest VR Population Growth

Valve this week updated its monthly Steam Hardware & Software Survey to fix issues resulting in anomalous VR population data. The corrected figures return...

Varjo Raises $40M Series D Funding to Expand Cloud-based XR Platform

Varjo, maker of high-end enterprise XR headsets, this week announced it has raised a $40 million Series D investment to continue building its Varjo...

Meta & Qualcomm Join “Multi-year” XR Chip Partnership to Combat a Common Threat

Two of the biggest names in XR—headset maker Meta and chip maker Qualcomm—today announced a "multi-year broad strategic agreement" to collaborate on "customized virtual...

Meta’s PC VR Dominance Continues as Quest 2 Passes New Milestone

Quest 2 quickly rose to become the most-used VR headset on Steam, but last month it crossed a new milestone as the majority of...

Meta Says New Prototype Will Put Its Cutting-edge R&D in a Market-viable Headset

Back in June Meta revealed its latest XR R&D efforts through a handful of different prototypes designed to prove out various concepts. The next...

FTC Sues to Block Meta’s Acquisition of Top VR Fitness App Developer

In 2021 Meta announced its intention to acquire Within, the studio behind popular VR fitness app Supernatural; though neither company announced the deal price,...

Meta Raises Quest 2 Price to Stave off Growing Costs

Meta announced today something that we haven't previously seen happen in the middle of a VR headset's lifecycle—a price increase for Quest 2. To...

‘Ultrawings 2′ Has ’10x More Sales’ on Quest, Developer Says, Despite Design Focus on...

In a seemingly unprompted tweet this week, Ultrawings 2 developer Bit Planet Games said that despite building its latest game with a focus on...

The 20 Best Rated & Most Popular Quest Games & Apps – July 2022

While Oculus doesn’t offer much publicly in the way of understanding how well individual games & apps are performing across its Quest 2 storefront,...

Three Years After Launch, and Still $1,000, Demand for Valve’s VR Headset Remains Strong

A smaller number of people willing to buy an expensive product can really add up, as Valve has found with its high-end Index headset....

In Just 7 Months ‘Blade & Sorcery’ Has the Most Reviews of Any Quest...

In just seven months, Blade & Sorcery: Nomad, the Quest port of the popular PC VR game, has amassed more reviews than any other paid...

The 20 Best Rated & Most Popular Quest Games & Apps – June 2022

While Oculus doesn’t offer much publicly in the way of understanding how well individual games & apps are performing across its Quest 2 storefront,...
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