VR Industry

VR Industry

Meta CTO Says Quest 3 Announcement Timing Had ‘Nothing to do with Vision Pro’

Meta CTO Andrew "Boz" Bosworth said this week that the announcement of Quest 3, which came just days ahead of Vision Pro reveal, had nothing to do with the timing of Apple's first public foray into XR. "People won't believe...

Cloudhead Games CEO: Apple Vision Pro is an AR Headset Wearing VR Clothes

Cloudhead Games is one of the most successful and senior VR studios in the industry. In this Guest Article, studio head Denny Unger shares his thoughts on Apple's entrance into the space. Guest Article by Denny Unger Denny Unger is CEO...

The Best Thing About Apple Vision Pro? Meta Finally Has Big Competition

Meta has undeniably been the lone looming Goliath in a field of smaller Davids in the XR scene for years now. With Apple finally making its entrance into the market, Meta won't be able to go at its own...

One of VR’s Most Veteran Studios Has Grown to 200 Employees While Continuing to Double-down on...

Having been exclusively building VR games since 2013, nDreams stands as one of the most veteran VR-exclusive game studios to date. And with more than 200 people, one of the largest too. The studio's CEO & founder, Patrick O'Luanaigh, continues...

Meta Has Sold Nearly 20 Million Quest Headsets, But Retention Struggles Remain

Meta has sold nearly 20 million Quest headsets, but the company continues to struggle with keeping customer using VR. According to a report by The Verge, citing an internal Meta presentation held today, the company has sold nearly 20 million Quest...

Meta Affirms Plans for Quest 3 Launch This Year, Despite Layoffs and Focus on “Efficiency”

Despite major layoffs from Meta, the company has affirmed that its next-gen consumer headset, Quest 3, is planned for release this year. While it will adopt some of the features from Quest Pro, not all will make the leap. In...

Meta Reality Labs Earnings Reveal a Less Successful Holiday Season & Highest Operating Costs Yet

Meta today revealed its latest quarterly earnings results, showing that Reality Labs, the company's XR and metaverse arm, had a smaller holiday season than the last, while operating costs have reached their highest levels yet. Today during the company's Q4...

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 grown tremendously since then, 2022 felt largely like a plateau year, with Meta standing unchallenged...

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

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 quarter of the year the division hit new milestones... unfortunately not the kind investors like...

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, representing continued but decelerating growth likely due mostly to market seasonality. Update (October 18th, 2022): Article...

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 the survey to being one of the most useful pieces of public data about the...

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 Reality Cloud software and deliver a "true-to-life industrial metaverse." Varjo makes some of the highest-end enterprise...

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 reality chipsets" for future devices. Qualcomm, a leading provider of smartphone processors, was an early mover...

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 headsets used on the platform. Quest 2's aggressive price point and ability to be used as...

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 step, the company says, is to bring it all together into a single package that...
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