The next phase of Meta’s virtual reality (VR) hardware system will be pricier and offer more features than the current $299 Quest 2 headset. Unlike the original Oculus Rift VR headset, the Quest uses surface-mounted tracking sensors instead of external sensors. Fueled by titles like Beat Saber, which gamifies exercise, and Population One (think Call of Duty in VR), the Quest 2 has helped Meta boost its Reality Labs revenue by 30%, compared to the same first quarter period in 2021, to $695 million (pdf). Read More...
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Microsoft’s Xbox Is Hammering the PlayStation 5
For years, Sony’s (NYSE: SONY) PlayStations have dominated the world of gaming consoles, outselling Microsoft’s (NASDAQ: MSFT) Xboxes by big margins. Based on the figures Microsoft released on April 26 for its fiscal 2022 third quarter (which ended March 31), thanks to its latest Xbox Series X and Series S consoles, it has been gaining ground in the console gaming hardware market. “With our Xbox Series S and X consoles, we have taken share globally for two quarters in a row, and we are the market leader this quarter among the next-gen consoles in the United States, Canada, U.K., and Western Europe,” Microsoft CEO Satya Nadella said on the company’s latest earnings conference call.
