MetaverseLife @MetaverseLife: "Meta unveils $299 Quest 3S..."

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Meta unveils $299 Quest 3S VR headset, Orion AR glasses prototype 👉 $META (Meta Platforms Inc) announced the Quest 3S, the latest virtual reality headset to come out of the company’s Reality Labs division and a cheaper offering than its predecessor. 👉 The device will go on sale on Oct. 15 and will retail starting at $299, down from the $499 starting price for 2023′s Quest 3. The device can be used to watch movies, as well as run VR fitness apps and gaming, Meta said Wednesday at its Connect event at its headquarters in Menlo Park, California. The company positioned the headset as a multitasking computer, putting it in competition with $AAPL (Apple) ’s $3,499 Vision Pro headset that launched in February. 👉 Meta’s previous Quest devices are the bestselling VR headsets, with millions shipped thanks to heavy marketing and a lower price than many competitors, but those efforts have yet to spark a cultural phenomenon or a mainstream software ecosystem around VR. Including its acquisition of Oculus in 2014, Meta has poured more than $65 billion in expenses into its hardware efforts. 👉 “I’ve been waiting for this one for a long time,” Zuckerberg said. Meta CEO Mark Zuckerberg has defended the company’s spending as a strategic initiative to prevent Apple from controlling future hardware platforms. 👉 Although there was hope among VR developers that Apple’s entry into the market would spur a wave of new apps and users, Apple hasn’t revealed sales for its headset and reports say that sales have been in small volumes, under 1 million units, partially due to its high price. 👉 A Meta representative said the “S” stands for “start” — as in getting started with VR. 👉 Many of the new Meta features that the company discussed on Tuesday for its $299 Quest 3S have counterparts on Apple’s Vision Pro, including a mode that allows for the device to be used on an airplane and another that simulates a large movie theater inside the headset. 👉 Meta highlighted improved “passthrough,” the term used to described when a VR headset uses cameras and sensors on the outside of the device to display live real-time video inside the headset. That function is intended to make users feel like they are looking through a display and allows them to interact with the real world while keeping the headset on. For the Quest 3S, Meta added a dedicated button to turn on passthrough. Read more ❓ www.cnbc.com/2024/09/25/meta-unveils-cheaper-299-quest-3s-vr-headset-.html ✨ $META and $AAPL are part of eToro’s @MetaverseLife Smart Portfolio. This fully allocated investment strategy invests in companies and crypto projects related to the Metaverse, the next big technological platform. It includes game designers, social platforms, 3D software developers, AR/VR device manufacturers, and Metaverse-related crypto platforms. @MetaverseLife is a new innovative Smart Portfolio recently launched by eToro and is available from a $500 minimum investment. Your capital is at risk. Past performance is not an indication of future results.

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