Meta’s Quest Pro headset, which the company says features outward-facing cameras that capture the wearer’s physical environment in full color and allows overlaying of virtual elements such as 3D models, images and screens, is seen in this undated handout image.

Meta | via Reuters

Meta The company announced on Friday that it will lower the prices of its Quest 2 and high-end Quest Pro headsets.

The price of the Meta Quest 2 will drop from $499.99 to $429.99, while the price of the higher-end Meta Quest Pro will drop to $999.99 from $1,499.99.

Meta lost $13.7 billion in its Reality Labs segment in 2022. This is the business unit responsible for creating the company’s ambitious meta-universe technologies. Reality Labs Earns $727M in Q4 and $2.16B in Full-Year 2022 Revenue — down from $2.27 billion in 2021 — including Quest headset sales.

Meta Quest Pro 2 was announced in November, but its high price has put it out of reach for most consumers. And there doesn’t seem to have been a clear professional use either. A lower price could make it more appealing to both audiences.

“Our goal has always been to make hardware accessible to as many people as possible to take advantage of all that VR has to offer,” the company said in a release. Meta Quest 2 price changes will go into effect on March 5th.

Buyers in the US and Canada will also see the new price for the Quest Pro on March 5. For the rest of the world, its price will drop on March 15.

CNBC’s Ari Levy contributed to this report.

Source by [author_name]

Previous articleAmazon suspends construction of second headquarters in Virginia
Next articleThe future of the clean hydrogen industry depends on the IRA tax credit