Meta lost $3.85 billion on the metaverse in the first quarter of 2024 alone. You know, that thing we all laughed about a couple years ago and next to no one actually uses.

It’s burned $45 billion on the metaverse since the end of 2020.

https://www.cnbc.com/2024/04/24/metas-reality-labs-posts-3point85-billion-loss-in-first-quarter.html

#tech #meta #metaverse #vr

Meta's Reality Labs posts $3.85 billion loss in first quarter

Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.

^{Alex Koller (CNBC)}

Apple is cutting Vision Pro production as it fails to meet sales targets.

Analysts expected it to sell 700-800k units in 2024, but it could now be as low as 400k. A lower cost model could now be pushed beyond 2025, if it ever arrives.

https://www.theverge.com/2024/4/23/24138487/apple-vision-pro-cut-shipment-forecast-kuo-rumor

#apple #tech #visionpro #vr #ar

Kuo: Apple cuts Vision Pro shipments due to low demand

Apple Analyst Ming-Chi Kuo says Apple is cutting Vision Pro shipments for 2024 down to as little as 400,000 units.

^{Umar Shakir (The Verge)}