Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Instagram Outage Disrupts Thousands of U.S. Users 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
It is not a surprise that the Meta Quest 3 is coming, but now VR enthusiasts have a narrowed-down timeline for when it will enter the market. Several Meta executives confirmed this week that the device would be released sometime next year.
Three Meta executives, including CEO Mark Zuckerberg, CFO Dave Wehner, and finance VP Susan Li, confirmed that the Meta Quest 3 is scheduled to launch in 2023 during the company’s Q3 FY2022 earnings call on Wednesday. Interestingly, though, they did not mention Meta Quest 3 by name. In various segments of the earnings call, Zuckerberg, Wehner, and Li only referred to Meta Quest 3 as the “next generation of consumer Quest.”
The launch timeline for Meta Quest 3 was mentioned when the executives discussed the company’s expected cost of revenue for next year. “Conversely, our growth in cost of revenue is expected to accelerate, driven by infrastructure-related expenses and, to a lesser extent, Reality Labs hardware costs driven by the launch of our next generation of our consumer Quest headset later next year,” Wehner said.
Fans of the formerly known Oculus products have been waiting for the next VR headset, considering its predecessor, Quest 2, has been in the market for over two years now. Instead of launching Meta Quest 3 this year, though, the company released the $1,500 high-end Quest Pro headset.
This week’s earnings call was not the first time Zuckerberg confirmed the existence of Meta Quest 3. In an interview with Stratechery earlier this month, the Meta CEO said its imminent launch is hardly a surprise but reiterated that the device would not arrive this year. Zuckerberg said in the same interview that the Meta Quest 3 could be sold “in the price range of $300, $400, or $500.”
It means the tech giant is not planning on drastically increasing the price of its flagship VR headset next year. The currently available Quest 2 was introduced with a price tag starting at $299. Meta, however, implemented price hikes last August, citing rising manufacturing and shipping costs. The Quest 2 is now sold for $399 and $499 for its 128GB and 256GB variants, respectively.
Photo by Arthur Edelmans on Unsplash
