But those already have mass market acceptance. They’re not trying to prove they’re necessary. The iPhone (and other smartphones) literally changed the world. There’s only so much they can innovate after 15 years of record breaking success.
VR doesn’t have that. People weren’t chomping at the bit for the day it was 20% better. Unless it passes some unknown threshold where it suddenly becomes good enough to suddenly be really popular, they’re still trying to prove relevance.
> Unless it passes some unknown threshold where it suddenly becomes good enough to suddenly be really popular, they’re still trying to prove relevance.
Depends on what you mean by relevance, 20 million Quest units have been sold which is more than Wii U lifetime sales (13.5 million), and about equals lifetime Gamecube sales and current Xbox Series S/X sales.
I'm sure it's not meeting expectations given how much they have subsidized them and how much they've spent on the metaverse, but I'm not sure I'd say the Quest itself is irrelevant. There's clearly an appetite for it.
Yes, and I don’t expect this to change much in the foreseeable future, given current technological constraints. But why would you expect a third-generation product to suddenly change this?
This is misleading. $36B is for all of Reality Labs, which includes Virtual Reality, but also their Augmented Reality glasses in development, Ray-Ban smart glasses, Horizon, Meta's AI org, the Portal product line (now discontinued), the unreleased smart watch, tons of R&D, etc.
As a slightly less wonky comparison, the entire market cap of Delta (the largest airline in the world by market cap) last year was $23B, so Facebook could've just outright purchased Delta and still had over $10B left over.
VR doesn’t have that. People weren’t chomping at the bit for the day it was 20% better. Unless it passes some unknown threshold where it suddenly becomes good enough to suddenly be really popular, they’re still trying to prove relevance.