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Meta announces Quest Plus subscription services at quite an unexpected price.

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Quest Plus
Meta Quest Plus

Meta, the owner of Facebook, has unveiled an immersive virtual reality (VR) subscription service “Quest Plus” and it is available at quite a descent price.

Meta, the owner of Facebook, has recently introduced a virtual reality (VR) subscription service “Quest PLus” with the aim of enhancing the profitability of this sector within its business. The company asserts that subscribers will gain regular access to two brand-new games every month, thereby providing an enticing offering to VR enthusiasts.

However, Meta’s VR division faced significant financial challenges in the initial quarter of the year, reporting a substantial loss of $4 billion (£3.1 billion). This highlights the need for Meta to strategically leverage its subscription service as a means to bolster its financial performance and drive growth in the VR market.

Its Meta Quest vs. Apple Vision Pro

Meta is also confronted with fierce competition from various industry players, most notably Apple. In a highly anticipated move, Apple recently unveiled its own mixed-reality headset, intensifying the rivalry between the tech giants. This further underscores the importance for Meta to solidify its position and cultivate a sustainable competitive advantage in the ever-evolving landscape of virtual reality technology.

The company made a notable announcement on Monday, revealing its latest offering called Meta Quest Plus. The “Quest PLUS subscription service is designed to cater to the immersive virtual reality experience provided by the Quest 2, Quest Pro, and the highly anticipated Quest 3 headsets. With a monthly fee of $7.99 or an annual subscription priced at $59.99, users gain access to a range of features and functionalities. It is important to highlight that this service is fully compatible with the aforementioned headset models, allowing users to delve into a world of captivating virtual reality content without any hindrance. By providing a cost-effective subscription model, the company aims to enhance accessibility to its VR ecosystem and further revolutionize the way users engage with their devices.

Meta Quest Plus and Zuckerberg’s vision to create Metaverse.

In 2021, Meta’s CEO, Mark Zuckerberg, revealed an ambitious vision to construct a groundbreaking “metaverse” – a digital realm enabling individuals to engage in gaming, professional endeavors, and social interaction within a virtual environment, frequently utilizing virtual reality (VR) headsets.

Expressing his aspirations, Mr. Zuckerberg stated, “As time progresses, I envision our company being recognized as a metaverse enterprise, establishing a foundation for our endeavors and shaping our collective identity around this transformative concept.”

In February of the previous year, Meta introduced a series of ambitious artificial intelligence (AI) initiatives, with Mr. Zuckerberg heralding AI as the vital component for unlocking the full potential of the metaverse. This bold statement underscores the pivotal role that AI technology is poised to play in enabling the metaverse’s realization and evolution.

Price Tags

The corporation exceeded market predictions by posting a remarkable profit of $5.7 billion during the initial quarter of this year. While Apple’s Reality Labs division, responsible for the production of virtual reality (VR) headsets and related products, suffered a net loss of $4 billion for the same period.

In a notable hardware unveiling, Apple recently introduced its Vision Pro mixed-reality headset, marking the company’s most significant product launch in nearly ten years.

Scheduled for an early release in the United States next year, the Apple headset will bear a price tag of $3,499, which notably surpasses the cost of other headsets currently available in the market. Meta, as a prominent competitor, offers VR headsets priced between $299.99 and $999.99.




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