Facebook's virtual reality ambitions finally catch on with consumers

Facebook’s virtual reality ambitions are finally catching on with consumers. The company’s latest VR headset, the Oculus Quest 2, has re...



Facebook’s virtual reality ambitions are finally catching on with consumers.

The company’s latest VR headset, the Oculus Quest 2, has received five times as many preorders as its 2019 predecessor, Mark Zuckerberg confirmed on the company’s Thursday earnings call, saying the device’s reception has “surpassed our expectations.”

The Quest 2, which at $299 costs $100 less than the original and includes a faster processor, more lightweight design and has a more high definition display, began shipping to customers earlier this month.

“I think that the new Quest 2 product is extraordinary, I love using it,” Zuckerberg said. “I’m really proud of the work that we’ve done there.”

Facebook shares were down more than 6 percent on Friday, however, as the company also revealed that its active user numbers in the US and Canada had dipped slightly in the quarter.

Other than slightly lower user numbers in its key market, Facebook beat earnings estimates across the board, including better-than-expected ad revenue boosted by spending returning following a second quarter slowdown.

Facebook beat revenue expectations by 80 cents, bringing in $2.71 per share versus the forecasted $1.91. The Menlo Park, Calif.-based company also raked in revenue of $21.5 billion, up 22 percent year-over-year and well ahead of the expected $19.8 billion.

Source link

COMMENTS

Name

Africa,702,Americas,3692,Art & Culture,13839,Arts,6229,Arts & Design,1475,Asia,3045,Automobile,399,Baseball,484,Basketball,378,Books,3635,Business,5046,Celebrity,2527,Cricket,524,Crime,94,Cryptocurrency,1268,Dance,564,Defense,739,Diplomatic Relations,2403,Economy,966,Editorial,260,Education,1072,Elections,287,Energy & Environment,2914,Entertainment,21591,Environment,3379,Europe,3953,Faith & Religion,181,Family & Life,711,Fashion & Style,2991,Finance,18259,Food & Drink,3490,Football,998,Games,56,Gossip,10151,Health & Fitness,3805,Health Care,758,Hockey,165,Home & Garden,809,Humour,832,Latin America,49,Lifestyle,15629,Media,429,Middle East,1362,Movies,1555,Music,2411,Opinion,2521,Other,10640,Other Sports,4788,Political News,11039,Political Protests,2196,Politics,16858,Real Estate,1640,Relationship,59,Retail,3007,Science,2362,Science & Tech,9200,Soccer,135,Space & Cosmos,251,Sports,10880,Technology,3208,Tennis,489,Theater,1507,Transportation,234,Travel,2408,TV,3435,US Sports,1344,Video News,3531,War & Conflict,935,Weird News,929,World,14957,
ltr
item
Newsrust: Facebook's virtual reality ambitions finally catch on with consumers
Facebook's virtual reality ambitions finally catch on with consumers
https://nypost.com/wp-content/uploads/sites/2/2020/10/Mark-Zuckerberg-Oculus.jpg?quality=90&strip=all&w=1200
Newsrust
https://www.newsrust.com/2020/10/facebooks-virtual-reality-ambitions.html
https://www.newsrust.com/
https://www.newsrust.com/
https://www.newsrust.com/2020/10/facebooks-virtual-reality-ambitions.html
true
732247599994189300
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content