There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way.
Meta’s metaverse ambitions may not be going as well as planned. The company’s Realty Labs division reportedly stopped work on a next-generation headset amid concerns the product wouldn’t sell well enough to justify its production.
According to a report from The Information, workers were given the cease order after CEO Mark Zuckerberg weighed-in during a product update meeting. Evidently, Meta was expecting Apple’s Vision Pro — a product similar to the one Reality Labs was developing — to perform better than it has.
Despite involvement from some of the top technology firms in the world, including Sony, HTC, Meta, and Google, virtual reality hardware remains a niche market. As far as consumers are concerned, VR remains a niche product.
