Meta ups price of Quests VR headsets as Reality Labs loses money

What?

Meta (or Facebook for us oldies) is upping the price of its Meta Quest range of VR headsets (or Oculus Quest for the rest of us) at the same time Reality Labs (or Oculus) has advised of a net $2.8 billion USD loss in over the last three months.

First, the companies — of which Meta is parent over Reality Labs — first announced that the price of the Meta Quest 2 would go up $100 USD across its two configurations. The 128GB model has moved from $299 USD to $399 USD, and the 256GB model is not $499 USD rather than $399.

Explaining the price hike, Metata that it was “adjusting the price of our Meta Quest 2 headsets to enable us to continue investing in ways that will keep driving this said competitive industry forward for consumers and developers alike.”

Those who buy the more expensive headset will receive a free copy of Beat Saber, valued at $30 USD.

The headsets were first brought to market in October 2020.

Following the announcement, Reality Labs advised of its net loss during a quarterly financial results report.

“We do plan on continuing to invest in Reality Labs,” Meta CFO Dave Wehner said to investors in a follow-up call. “In terms of our expense growth from 2021 to 2022, the bulk -the largest component of the expense growth is Family of Apps, but we do think that Reality Labs will continue to be an investment area for us.”

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