Meta's AR/VR division experienced a 30% increase in quarterly revenue, which was attributed to strong sales of the Quest headset. - UploadVR

Meta's Reality Labs division saw a 30% increase in quarterly revenue in Q1 2024, reaching $440 million. This growth was driven by Quest headset sales, although it was lower compared to previous years. The company is rumored to be launching a cheaper version of Quest 3 to replace Quest 2, in an effort to boost overall yearly growth. Despite reporting a quarterly "loss," most of the spending is focused on long-term investment in AR glasses research and development. Meta is slowly progressing towards profitability, with CEO Mark Zuckerberg expecting Reality Labs to become profitable in the 2030s. For the full story, visit the source at UploadVR.

Source: https://www.uploadvr.com/meta-reality-labs-quarterly-revenue-growth-q1-2024/