"Meta's price adjustments for the Quest VR units are a direct response to the significant rise in costs associated with building high-performance VR hardware, particularly due to the global surge in memory chip prices."
"The Meta Quest 3 will see a price increase from $500 to $599, while the Quest 3S 128GB version will rise from $300 to $349, reflecting the broader trend of rising prices in consumer electronics."
"Meta is stepping back from its VR metaverse ambitions, as evidenced by the decision to shut down the Horizon Worlds VR social element, which was once a key component of its metaverse vision."
Meta has announced price increases for its Quest VR headsets, with the Meta Quest 3 rising from $500 to $599 and the Quest 3S 128GB version from $300 to $349. The price hikes are attributed to rising hardware costs, particularly due to a global surge in memory chip prices. Meta is adjusting its pricing to maintain the quality of its VR hardware and software. Additionally, the company is shifting focus from its VR metaverse plans to artificial intelligence development, including AI glasses and AR technology.
Read at www.socialmediatoday.com
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