Meta Urges VR/AR Teams to Reduce Spending Despite Ongoing Product Developments

Thursday, 18 July 2024, 20:35

The latest reports suggest that Meta, previously known as Facebook, is not satisfied with the financial performance of its VR division. Despite the directive to cut costs, the teams are continuing work on the development of Quest Headsets and AR glasses. This move indicates a strategic shift within Meta to address the escalating expenses in the VR sector.

Gizmodo — Meta Urges VR/AR Teams to Reduce Spending Despite Ongoing Product Developments

Meta's Financial Concerns in VR Division

Meta is reportedly concerned about the financial performance of its VR division, prompting a directive to reduce spending.

Continued Development Efforts

Quest Headsets: The AR/VR teams are still actively working on the production of Quest Headsets despite the cost-cutting measures.
AR Glasses: Development of AR glasses is also ongoing, highlighting Meta's commitment to advancing its hardware offerings.

Despite the budget constraints, Meta seems determined to maintain its position in the competitive VR market.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.