Quest 3 Demand Below Expectations

Good morning folks!

Yesterday, review units of the Quest 3 were sent to popular VR YouTubers, so expect in-depth reviews and opinions pretty soon. So far, almost every VR influencer and journalist has been impressed by the device. However, there is some bad news concerning Quest 3 sales. Read more to find out…

Headlines for people in a hurry:

• 🎤 Analyst Claims Quest 3 Demand Is Far Below Meta’s Target

• 😲 Immersed Cancels 2.5K Visor As 96% Chose 4K Model

• 📉 Supernatural On Quest Can Replace Your Home Gym For $100

• 😍 Meta Laying Off Custom Chip Engineers At AR/VR Teams

Read time: 3 minutes

TOP STORIES

META

Supply Chain Analyst Claims Quest 3 Demand Is Way Below Expectations (Layoffs Incoming)

Supply chain analyst Ming-Chi Kuo has reported that Meta's Quest 3 headset sales might not meet the company's expectations. Originally, Meta had a target of selling 7 million units by the end of the year. However, Kuo suggests that this number might be closer to 2.5 million.

Now we have to specify that analyst predictions are usually a hit or miss, so take it with a grain of salt. Interestingly, the Quest 2, priced at $300, had outsold all its predecessors, with almost 20 million units sold in less than three years. The Quest 3, despite its advanced features, starts at a heftier $500, potentially making it less accessible to some consumers. We should also take into account that the pandemic also played a crucial role in Quest 2’s success.

In other completely unrelated news, Meta is laying off custom chip engineers in its AR/VR divisions. We can speculate that it’s because Qualcomm turned out to be a much better partner than Meta initially thought. They surprisingly share Meta’s vision of a future filled with VR devices and also developed their custom XR and AR chips in association with Meta.

IMMERSED

Immersed Cancels 2.5K Visor As 96% Chose 4K Version (Plus, Free $100 Gift)

Immersed Visor, the ultra-compact productivity headset, has been generating some buzz ever since its announcement. It comes with features like OLED microdisplays, inside-out tracking, and HD color passthrough.

However, the company has now canceled its cheaper 2.5K per eye model. Why? A whopping 96% of customers opted for the 4K per eye model instead. Those who had chosen the 2.5K model will receive a special offer or can opt for a refund.

Yesterday, Immersed CEO Renji Bijoy announced in a tweet video that their content about Visor surpassed 5 million views in 1 week and to thank people’s support, they’re giving a $100 2-hour battery pack for all pre-orders.

Immersed's Visor, which is set to release in 2024, is a collaboration with tech giants like Qualcomm and Intel and promises to be a game-changer in the VR space

SUPERNATURAL

Workout Like It’s 2050! Supernatural On Quest Is Now $100 Per Year

Get ready to cancel your gym membership because Meta's fitness service, Supernatural, is making VR-based home workouts more accessible. Previously priced at $19 per month or $180 annually, Supernatural's new pricing is a mere $100 per year or $9.99 monthly.

This change follows Meta's acquisition of the fitness service earlier this year. Supernatural, which offers a VR experience akin to Beat Saber but tailored for workouts, is set to integrate with Meta's upcoming digital objects called Augments.

With this, users can have a digital portal next to their workout gear for easy access to Supernatural workouts. This move positions Meta to compete with services like Apple's Fitness+

NEWS FLASH

ESPIRE

Turn Your Living Room Into A Covert Operation

• 🤖 Espire's Mixed Reality Missions: Espire 2 is set to elevate the VR experience with its new mixed reality missions, blending the virtual and real worlds for an immersive gameplay experience.

• 🎵 Synth Riders' Update: Synth Riders is gearing up to immerse players deeper with mixed reality support for Quest 3, promising a vibrant and interactive experience.

• 🎮 Valve's Talent Acquisition: Valve has onboarded the creative modder behind the 'GoldenEye 007' remake, hinting at exciting developments for 'Half-Life: Alyx'.

• 🕺 'Laser Dance' Teaser: Thomas Van Bouwel, the mind behind Cubism, teases 'Laser Dance', a mixed reality game turning Quest spaces into thrilling laser grids, set for 2024.

• 💻 Virtual Desktop Enhancements: Virtual Desktop's update amplifies the Quest 3 experience with advanced support and introduces face & eye tracking for VRChat users on Quest Pro.

• 🎬 Behemoth's New Timeline: Skydance's action-packed VR RPG, Behemoth, undergoes a name tweak and shifts its release to late 2024, promising an epic journey.

BOOKMARKS

Immersive Articles From The Web

• A New Category of VR Game is Slowly Emerging Right Before Our Eyes.

• Here’s Every VR Game That’s Getting The Quest 3 Graphics Upgrade.

• Meta Mocks Apple At Meta Connect 2023.

• All VR Games & Experiences Released In October 2023.

UNREAL MONEY

FUNDING REPORT

Helping Companies Make Sense Of The Metaverse Through Data

GEEIQ, a London-based metaverse data intelligence specialist, has clinched an impressive $8.2 million investment led by YFM Equity Partners. This boost aims to propel GEEIQ's growth plans and refine its data platform.

“For many brands, the Metaverse is the next frontier to engage an entire generation of users. Cutting through the hype requires data and insights. The GEEIQ intelligence platform provides this and more” -YFM

Catering to the burgeoning metaverse market, which includes giants like Roblox and Fortnite, GEEIQ's platform aids brands in navigating this new digital realm. With the gaming market's value set to cross $250 billion by 2025, GEEIQ is positioning itself as a pivotal tool for brands to optimize their virtual strategies, boasting partnerships with big names like Walmart and L’Oreal.

COOL PROJECTS

GAMING

“Espire 2’s Mixed Reality Missions Are Insane”

WRAP UP

MEME OF THE DAY

“What’s The Point Of Stealing All My Data Then?”

Have a great weekend folks.

I was a bit spooked by the Quest 3 sales prediction reports but as far as I know, the geniuses at Meta are not worried. They were already planning to release a cheaper VR headset next year. Plus, they just have to wait a few months until Apple convinces the whole world that VR is cool and Meta just has to sit back and count the money because the Quest 3 provides most of Apple’s offering at a cheaper price.

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