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The latest Meta Quest 3 VR headset, starts at $499

Meta CEO Mark Zuckerberg unveiled today’s latest generation of virtual reality (VR) headset, the Quest 3, starting at $499, ahead of Apple’s WWDC conference.

In the fall of 2020, Meta launched the Quest 2, which cost $299. The Quest 3, the successor to the Quest 2, will be available this fall and will have at least three cameras on the front, potentially improving the see-through experience a bit.

The Quest 3 is being released just as Apple is expected to unveil its highly anticipated VR headset at the WWDC developer conference next week.

Apple’s headset is reportedly actually a “mixed reality” (MR) device that will integrate augmented reality (AR) technology in addition to VR support, work with hundreds of thousands of iPad apps and sell for at least $3,000.

Meta was the first to announce the release of Quest 3 this year during its Q3 2022 earnings call, and Meta said at the time that the company’s revenue costs would increase, in part due to increased hardware costs for its Reality Labs division, which will launch its next-generation Quest headset in 2023.

The Reality Labs division, which develops VR and AR technologies, is known as the “metaverse” division. The division reported revenue of $339 million and an operating loss of $3.99 billion in the first quarter of this year. Nevertheless, Meta continues to invest heavily in the metaverse.

Last July, Meta raised the price of its entry-level Quest 2 from $299 to $399, due to higher manufacturing and shipping costs.

The Quest Pro was initially priced at $1,499.99, but Meta lowered the price of the device to $999.99 in March, while lowering the price of the high-end Quest 2 from $499.99 to $429.99.

According to research firm NPD Group, sales of VR headsets in the U.S. will be $1.1 billion in 2022, down 2% year-over-year. That suggests that the technology is far from a mainstream consumer electronics product.

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Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
Threza Gabriel is a news writer at TechGoing. TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.

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