![]() And I think gaming will still remain the dominant use case even going forward."Įven in the gaming market Meta is threatened by Sony, which dominates the console market with the PS5. "VR to date has been largely built around gaming. "Between now and the end of the year, there will be a slowness," said Jitesh Ubrani, a research manager who tracks the virtual reality market at IDC. One Meta executive predicted in 2018 that the company's metaverse would reach 100 million hardware units within a decade, half of which would be Meta devices. That puts Meta well behind on a trajectory once imagined for the unit. Revenue from Meta's Reality Labs segments, which includes headset sales, declined 50% in the most recent quarter compared to the year prior. ![]() ![]() ![]() REUTERS/Yves Herman// Acquire Licensing Rights The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. ![]()
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