Reality Labs, the AR, VR, and metaverse division of Meta, achieved its highest revenue in the final quarter of 2023, surpassing billion, driven by the success of its Quest headsets and Ray-Ban Meta smart glasses.
Despite this milestone, the division continues to experience significant losses, with a $4.6 billion loss in the quarter and over $16 billion in 2023. Meta’s CFO, Susan Li, anticipates these losses to grow due to ongoing product development and ecosystem expansion efforts.
The fourth quarter, including the holiday shopping season, has historically been a strong period for Reality Labs. During an analyst call, Mark Zuckerberg hinted at the company’s future plans…
2024-02-01 18:11:35
Post from www.engadget.com