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VR market keeps shrinking even as Meta pours billions of dollars a quarter into metaverse - TL;DR CNBC

VR market keeps shrinking even as Meta pours billions of dollars a quarter into metaverse

Publishing timestamp: 2023-12-19 09:23:17


Summary

The article discusses the decline in sales of VR headsets and AR glasses in the U.S. in 2023. Despite Meta's efforts to develop the metaverse and invest billions of dollars, the virtual reality market is contracting. The article also mentions the upcoming release of Apple's Vision Pro mixed-reality headset and its potential impact on the VR market.


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Tickers: SONYAAPL6758.T-JPMETA

Keywords: mark zuckerbergapple incbusiness newstechnologymeta platforms incsony group corpsocial mediamobileinternetbreaking news: technology

Source: https://www.cnbc.com/2023/12/19/vr-market-shrinking-as-meta-pours-billions-of-dollars-into-metaverse.html


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