Meta's XR revenue has seen a decline of 39% because of decreased sales of the Quest 2, with the launch of Quest 3 and Vision Pro on the horizon. - Road to VR

Meta’s XR Revenue Down 39% “due to lower Quest 2 sales,” as Quest 3 & Vision Pro Loom

Meta's Reality Labs XR division has reported an operating loss of nearly $4 billion for its latest quarterly results. The company attributes this loss to a 39% decline in revenue from lower Quest 2 sales, making it the worst performing quarter in the past two years. Despite these losses, Meta plans to continue aggressive spending on XR in the coming years. The company expects ongoing operating losses due to investments in AR/VR product development and ecosystem expansion. Additionally, Meta is preparing to launch the Quest 3 headset later this year, while Apple's Vision Pro is set to launch next year. Meta hopes to capitalize on the attention created by Apple's XR headset with their own consumer-friendly pricing and extensive game catalogue for the Quest 3. For more details, visit the source.

Source: https://www.roadtovr.com/meta-reality-labs-revenue-q2-2023-quest-2-loss/