“Quest 3 MR Gets an Upgrade with Meta Reality Platform, according to Zuckerberg”
Meta Announced to launch of a new Meta quest 3 this year.
Meta Quest 3 will be a more consumer-focused device this Year, Featuring the meta-reality platform.
The reports also mentioned that the New Meta Oculus quest 3 could shift virtual reality headsets to augmented reality headsets without any problem.
“Zuckerberg, CEO, and Founder of Meta announced during Wednesday’s earnings call that the release of the new device is scheduled for late 2023. The price range is estimated to be between $300 to $500 USD, as he stated.
Additionally, Zuckerberg emphasized the company’s goal of providing superior social experiences compared to what is currently available on phones.”
Plans and Market of the Meta Oculus Quest 3
Meta’s announcement of its new Quest 3 headset comes after the release of its Q4 results, which showed a 4% decrease in yearly profits but a 20% surge in stocks due to higher-than-expected earnings per share.
The company, based in Menlo Park, intends to streamline its operations while continuing to support its suite of apps, including Whatsapp, Facebook, Instagram, and Messenger. In terms of its plans for the Metaverse, the company remains committed to developing its social media and hyperrealistic avatar technologies, which will be integrated across its suite of apps and headset devices such as the Quest 2, Quest Pro, and the forthcoming Quest 3.
With its current and future product lineup, Meta aims to stay competitive in a rapidly growing market, which includes the release of the HTC VIVE XR Elite, Pico 4 Enterprise, Lenovo VRX, and other mid-range MR headsets. The company strives to strike a balance between advancing its metaverse technology and maintaining profitability in the midst of the ongoing tech crisis.
A number of leading tech companies including Apple, Alphabet, and Amazon have reported substantial EPS shortfalls, resulting in a significant economic downturn and a 2% decline in the Nasdaq stock market.
The prospect of future federal interest rate hikes is also contributing to the situation.
On Friday, their stocks saw a drop of 0.8%, 4%, and 5% respectively.
Unlimited Deal Passes in the Meta Ques 3
Moreover, the courts have given the green light to Meta Platforms to acquire the VR company Within Unlimited, as reported by sources on Friday.
This decision is a setback for the US Federal Trade Commission (FTC), which may choose to appeal the ruling and employ internal measures to block the acquisition, according to CNBC. The FTC filed an injunction to halt the deal on Wednesday until the court could make a ruling on the competition case.
In July of last year, the FTC filed a lawsuit against the merger, criticizing Meta for acquiring its competitors. At the time, a Meta spokesperson responded that the lawsuit was “based on ideology and speculation, not evidence.”
The spokesperson added, “The notion that this acquisition would result in anticompetitive outcomes in a rapidly growing and highly competitive space such as online and connected fitness is not credible.
FAQs on Meta Oculus Quest 3
When is the Meta Quest 3 going to be released?
The Meta Quest 3 boasts numerous improvements over its predecessor, the Quest 2. These enhancements include a more stylish design, mixed reality capabilities, pancake lenses, an improved resolution of 2064 x 2208 pixels per eye, larger storage capacity, and a top-notch Snapdragon XR3 upgrade.
Will Quest 3 be better than Quest Pro?
According to Lynch, the Quest 3 is poised to offer superior gaming performance compared to the Quest Pro, thanks to the XR2 Gen 2 technology. In fact, it is expected that Meta will sell a Quest 3 with 12GB of RAM and 512GB of storage, which will match the Pro's RAM and exceed its storage space for games, at a premium price
What will the Meta Quest 3 cost?
In an interview with Stratechary last year, Mark Zuckerberg, CEO and founder of Meta, unveiled the plan to launch the Quest 3 in the price range of $300 to $500.