However, plans for a successor to the more expensive Quest Pro have been nixed, per The Verge. Meta's flagship augmented reality glasses - which Zuckerberg said will one day be used as much as mobile phones - are expected to come out by 2027, according to the report. A cheaper version of its headset is slated to come out in 2024, along with smart glasses with a "neural interface" controller wristband by 2025, The Verge reported. That is why Meta is keen on delivering better products that will keep existing users engaged while attracting new ones.ĭuring Meta's product road map presentation, Meta executives reportedly announced that the company is launching its Quest 3 headset later this year that is expected to be thinner and more powerful than the $400 Quest 2. "We're going to continue to invest meaningfully in this area given the significant long term opportunities that we see," Susan Li, Meta's chief financial officer, said in February during the company's earnings call. Still, Meta said its metaverse efforts aren't slowing down. Zuckerberg said he expects Reality Labs to lose even more money in 2023. In 2022, Meta's Reality Labs - Meta's business and research unit for the metaverse - lost $13.7 billion in 2022 after CEO Mark Zuckerberg invested $15 billion into the efforts that same year alone. The slipping usage stats come as Meta continues to pour billions into its metaverse hardware and software efforts. But only one in 10 users come back to Horizon after a month, The Verge reported, despite the Quest headset's popularity, with 20 million units sold to date. Since Horizon was rolled out to Quest users in early December of 2022, it has attracted more than 300,000 monthly users, an employee with knowledge of Meta's VR efforts told The Verge.
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