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Meta spent $4.3 billion on its VR division in three months, and made checks figures $440 million in return (www.pcgamer.com)
submitted 2 years ago by to c/technology@lemmy.world
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[–] 27 points 2 years ago (3 children)

You reckon Apple made money on it's VR division either?

Almost nobody is making big money on VR, because nobody wants to work together to make it into a widely compatible common standard. If you could have one headset that worked on all platforms, for a reasonable price, you'd get a lot more take up, and nicer headsets costing more would make more sense.

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  • [+] -9 points 2 years ago (2 children)
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  • [–] 12 points 2 years ago

    Meta is valued at 1.12 Trillion, which, sure, is only ~1/2 of Apples 2.6 Trillion... but Meta could invest in VR for the next 20 years without feeling the pain.

    I do love my Q2 and Q3, and hope they keep pushing VR forward, which is the main (maybe only) reason i was happy to see apple join the competition.

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  • [–] 5 points 2 years ago

    Take a look at Meta revenue numbers, they can afford billions in R&D investment just fine. I'm not sure what market share you're talking about but there's plenty of money for them to afford the VR research they do.

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