XR Industry News
The latest news on the XR industry. Covering AR, VR, MR, spatial computing, and the most important companies and platforms in the field.
Meta Reality Labs Saw Record Quarterly Revenue in Q4 2024, But Also Record Costs
In its quarterly financial results today, Meta revealed that its Reality Lab division saw its best ever Q4 revenue but, as before, this coincides with equally growing costs.
Meta's Reality Labs division houses its metaverse and XR groups, and some...
VR Veteran Fast Travel Games Announces Layoffs, Citing Lower Than Expected Sales in 2024
Fast Travel Games, the Stockholm-based developer and publisher behind a host of VR titles, announced they're laying off 30 employees, which the VR veteran studio says is a direct result of lower-than-expected sales in 2024.
The studio says affected include...
Google Acquires Vive Engineering Talent for $250M, Raising Questions About HTC’s Next Move
Google has acquired a number of HTC's XR engineers for $250 million, something the company says will "accelerate the development of the Android XR platform across the headsets and glasses ecosystem."
Google’s announcement of Android XR last month represents a critical shift...
Snap Makes Spectacles AR Glasses More Affordable for Students & Teachers
Snap, the company behind Snapchat, is making its latest Spectacles AR Glasses more affordable to students and teachers with a new educational discount that cuts the $1,200 launch price in half.
Initially released in September 2024, the company's fifth-gen Spectacles...
Samsung Shows First Glimpse of Near-final Android XR Headset, But No Controllers Yet
Samsung Unpacked didn't have any big XR revelations this year, although the South Korean tech giant has finally shown off the near-final version of its Android XR headset, codenamed Project Moohan.
We went hands-on with Moohan at the headset's unveiling last...
Meta Reportedly Plans Smart Glasses with Display, Targeting 2025 Release at Premium Price Point
Even with onboard AI, Ray-Ban Meta Smart Glasses aren't as smart as they could be, since the glasses lack any sort of display for doing simple tasks, like reading incoming messages. Now, a report from Bloomberg's Mark Gurman maintains...
Google Responds to Developer Concerns About Long-term Commitment to Android XR
Google's announcement of Android XR last month was largely met with excitement, but there was a notable undercurrent of concern about Google's long-term commitment to the platform. The company has a storied history of launching new products and platforms,...
35% of All Game Developers Are Building for XR, According to GDC Industry Survey
Despite industry woes, XR development has largely stayed consistent, according to the annual Game Developer Conference (GDC) State of the Game Industry Survey, noting that 35% of developers who responded are building for XR.
The San Francisco-based conference is a...
Oculus Founder Teases XR Announcement Coming “in a few weeks”, Possibly Pointing to Military-driven Headset
Oculus founder Palmer Luckey is announcing something in a few weeks, which he says will prove he isn't out of the 'XR game'.
Luckey confirmed back in June he's building a new XR headset, although the device in question seems to be...
Shuhei Yoshida, Industry Veteran & Main Figure Behind PSVR, Departs Sony
Shuhei Yoshida (aka 'Shu') has left Sony, closing a near 32-year chapter of his life with the company.
Yoshida announced he was leaving Sony back in November, setting his retirement date for January 15th, 2025. Now, the one-time President of...
Meta & Plessey Announce Super Bright, High-efficiency Red MicroLED: an Important Piece in All-day AR
Meta announced in 2020 it was working with UK-based AR display maker Plessey, which was tapped to provide Meta with AR displays over the course of multiple years. Now the companies have announced they've developed what they're deeming "the...
‘Drop Dead’ & ‘Warhammer 40K: Battle Sister’ Developer Soul Assembly Lays Off 15% of Staff
Soul Assembly, the studio behind the Drop Dead VR shooter franchise, announced it's laying off 15% of its team, maintaining the reduction is required for the success of upcoming projects.
The UK-based VR developer and publisher announced the news following in...
Vision Pro Knock-off Gets High Praise From Former Quest Engineer
Wait, Apple Vision Pro doesn't come in black, does it? Nope, but Play For Dream MR does. And with what some are calling the 'Android Vision Pro', owing to its Android-based OS, Play For Dream seems to have turned...
Sony’s Enterprise MR Headset Set to Release Next Month, Priced at $4,750
We haven't heard much about Sony's SRH-S1 standalone MR headset over the past year, which the company revealed at CES 2024. Now, the enterprise-focused device has an official launch date and price.
Released in collaboration with Siemens, the soberly-named Sony SRH-S1 is set...
Sony Shows Off ‘The Last of Us’ Immersive Attraction Concept That Should Be VR, But Sadly...
Sony unveiled a new location-based entertainment (LBE) concept based on The Last of Us game and TV franchise. While it looks ripe for VR arcades, it appears to be skipping VR headsets altogether for an array of large format LED...




















