Meta confirms Oculus Quest 3 will be affordable, but its VR business is on thin ice

Alongside its announcements that Facebook and Instagram will soon feature AI whether you want or not, Meta’s most recent investor call saw a triple down on Oculus Quest 3 being affordable – and also revealed that its VR business isn’t doing too well.

Starting with the great news, Meta has reaffirmed its pledge that this year’s “next-gen VR headset” – almost certainly the Quest 3 – will be available “at a price point that will be accessible for lots of people,” according to its CEO Mark Zuckerberg (opens in new tab).