The Meta Quest store, which initially launched in 2019 and includes an assortment of games and apps for the company's line of VR headsets, has more than quadrupled in revenue over the last three years, according to a Meta earnings call. Total sales have ed $1 billion, marking a massive growth in people buying VR software since the release of the Meta Quest 2 in late 2020.
Despite this, the division of Meta (previously Oculus) that develops the VR headsets, software, and the company's AR glasses lost $10.2 billion last year. It only made $2.3 billion in revenue, which includes Quest sales and its cut of VR software purchases.
Meta loses money on every Quest 2 sold, which might be why those numbers don't look good, but the company plans to invest dead-eyed, corporate-soaked metaverse in the near future.
Currently, Black Friday one. Qualcomm, a component partner with Meta, said through "third-party market size estimates from industry analysts" that the Quest 2 shipped about 10 million units since its launch. Even if that number is fuzzy, that could be why Meta store sales are so high lately.
VR might not be as massive as loudest fans claim it to be, but it's clearly making an impact with people who want to try it out on the most accessible headset out there. And with Meta's next high-end VR and AR headset on the horizon, it could get even bigger.
