What is really a disaster for Meta, instead, is how its social media are performing. It’s the money his company is spending to become the leader in the next technological platform, and if he succeeds, it’s actually money very well spent. Zuck always said that he was going to invest $10B and even more for XR. Personally, I don’t agree: it’s an investment. Some magazines reported this news as a sign of the failure of Meta’s strategy about the metaverse. The first one is that Reality Labs had $10B of losses in 2021. It’s basically a monopoly.īut there is also bad news to talk about. These are huge numbers for VR: if you look at the most recent SteamVR survey, you get that Oculus headsets are now at 67% of the whole PCVR market. If you make some calculations using these data, the result is that Meta has probably sold 9–10M Quest 2 units until now. This is good news also for the developers: 120 titles on Quest store have made more than $1M, and 8 even more than $20M, proving once more that some studios can make a living out of VR games. The total revenues on the Quest Store alone had been $1B since its foundation in 2019, and this shows that many people are enjoying Quest games. Reality Labs had $2.3B revenues in 2021, up from $1.14B in 2020, with a 2x growth over one year period.
Let’s start with the good news: Quest 2 is performing very well, and so is its store. We were all waiting for it, and then it finally arrived: Meta has finally released its earning reports for 2021, and for the first time it treated its Reality Labs division as a separate entity, so we know how well it is performing. Top news of the week (Image by Meta) Meta’s earnings report for 2021 has both lights and shadows
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