{"id":94928,"date":"2022-10-12T15:18:43","date_gmt":"2022-10-12T15:18:43","guid":{"rendered":"https:\/\/harchi90.com\/zuckerberg-set-expectations-for-meta-quest-pro-at-rock-bottom\/"},"modified":"2022-10-12T15:18:43","modified_gmt":"2022-10-12T15:18:43","slug":"zuckerberg-set-expectations-for-meta-quest-pro-at-rock-bottom","status":"publish","type":"post","link":"https:\/\/harchi90.com\/zuckerberg-set-expectations-for-meta-quest-pro-at-rock-bottom\/","title":{"rendered":"Zuckerberg set expectations for Meta Quest Pro at rock bottom"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107133203\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Mark Zuckerberg, chief executive officer of Meta Platforms Inc., demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York, US, on Tuesday, Oct.  11, 2022.<\/p>\n<p>Michael Nagle |  Bloomberg |  Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Critics and tech pundits weren&#8217;t the only people disillusioned by <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-2\">Meta<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>&#8216;s new $1,500 virtual reality headset.  Mark Zuckerberg himself was too.<\/p>\n<p>In an interview published Tuesday with The Verge, Zuckerberg said VR, the technology he bet his entire $340 billion company on a year ago, is entering &#8220;the trough of disillusionment.&#8221;  That&#8217;s a term folks in the tech industry like to use when excitement around a new technology drastically wanes.<\/p>\n<p>His comments effectively place expectations for the success of the new Meta Quest Pro, which goes on sale Oct.  25, at next to zero.  At the same time, Zuckerberg reiterated his belief that the metaverse will be the next iteration of computing after the smartphone \u2014 it&#8217;s just going to take a long time.  Specifically, he told The Verge &#8220;it&#8217;s not going to be until later this decade&#8221; when metaverse gadgets like the Quest Pro will be &#8220;fully mature.&#8221;<\/p>\n<p>But Meta isn&#8217;t selling headsets later this decade.  It&#8217;s selling them now, and expecting technologists and software developers to invent compelling reasons to buy one.<\/p>\n<p>That was the biggest takeaway from Meta&#8217;s event Tuesday \u2014 not the hardware and what it can do, but the lack of compelling software and use cases to make you feel like you need to run out and buy one.  If this was supposed to be Meta&#8217;s &#8220;iPhone moment,&#8221; it failed to deliver.<\/p>\n<p>And keep in mind, this is all happening as Meta&#8217;s primary business through the Facebook and Instagram apps, face crushing headwinds.  Users are leaving Facebook.  Reels, Meta&#8217;s TikTok competitor, has struggled to make money from ads amid poor engagement, as The Wall Street Journal reported last week. <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-6\">Apple&#8217;s<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>  recent privacy updates made it more difficult for Meta to target ads to iPhone users.  The stock is down a whopping 60% so far this year.<\/p>\n<p>Meanwhile, Meta is losing at least $10 billion a year trying to force the metaverse into existence as Zuckerberg himself warns of waning interest in the concept.<\/p>\n<p>Yes, it&#8217;s possible Zuckerberg will be proven right at the end of the decade or some time in the 2030s.  But it&#8217;s 2022, and the company has plenty of contemporary issues to manage before then.<\/p>\n<p>In a note to Meta investors Wednesday morning, Needham analysts praised Zuckerberg&#8217;s risk ambition for the metaverse, but also noted the importance of assessing where the business is today.<\/p>\n<p>&#8220;Our job is to make stock calls,&#8221; the Needham analysts said, later adding, &#8220;We admire Mark Zuckerberg&#8217;s commitment to a vision in the face of overwhelming odds. Meta is willing to make big bets that may change the world for 2 billion consumers , or create an epic fail.&#8221;<\/p>\n<p>WATCH: Meta CEO Mark Zuckerberg unveils $1,500 mixed reality headset, the Meta Quest Pro<\/p>\n<\/div>\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-107132949\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000267760\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>    .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mark Zuckerberg, chief executive officer of Meta Platforms Inc., demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Images Critics and tech pundits weren&#8217;t the only people disillusioned by Meta&#8216;s new $1,500 virtual reality headset. Mark Zuckerberg himself &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/zuckerberg-set-expectations-for-meta-quest-pro-at-rock-bottom\/\"> <span class=\"screen-reader-text\">Zuckerberg set expectations for Meta Quest Pro at rock bottom<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[4],"tags":[453,1322,330,7273,9215,3730,1323],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":94063,"url":"https:\/\/harchi90.com\/mark-zuckerberg-debuts-meta-quest-pro-vr-headset-that-will-cost-1500\/","url_meta":{"origin":94928,"position":0},"title":"Mark Zuckerberg debuts Meta Quest Pro VR headset that will cost $1,500","date":"October 11, 2022","format":false,"excerpt":"Mark Zuckerberg, chief executive officer and founder of Facebook Inc., demonstrates an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers.David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark Zuckerberg said on Tuesday that his company's newest virtual reality headset, dubbed the Meta Quest Pro, will cost $1,500\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26307,"url":"https:\/\/harchi90.com\/facebook-parent-meta-raises-price-of-its-quest-2-vr-headset-by-100\/","url_meta":{"origin":94928,"position":1},"title":"Facebook parent Meta raises price of its Quest 2 VR headset by $100","date":"July 26, 2022","format":false,"excerpt":"Facebook parent Meta has raised the price of its Quest 2 virtual reality headset by $100, as the company reckons with inflationary pressures.Meta announced the price increase on Tuesday via a Twitter post.Starting Aug. 1, the 128 GB version of the Quest 2 will cost $399, while the 256 GB\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56696,"url":"https:\/\/harchi90.com\/meta-to-debut-new-vr-headset-in-october-zuckerberg-tells-rogan\/","url_meta":{"origin":94928,"position":2},"title":"Meta to debut new VR headset in October, Zuckerberg tells Rogan","date":"August 26, 2022","format":false,"excerpt":"The Facebook Oculus Quest VR headset is comfortable and easy to use.Todd Haselton | CNBCMeta CEO Mark Zuckerberg revealed that his company will debut a new virtual reality headset in October, typically the month the company holds its Connect VR conference.Speaking on an episode of the Joe Rogan Experience podcast\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95273,"url":"https:\/\/harchi90.com\/facebook-owner-meta-unveils-new-1500-vr-headset-aimed-at-businesses\/","url_meta":{"origin":94928,"position":3},"title":"Facebook owner Meta unveils new $1,500 VR headset aimed at businesses","date":"October 12, 2022","format":false,"excerpt":"Check out what's clicking on FoxBusiness.com Facebook's parent company, Meta, unveiled a high-end virtual reality headset that comes with a hefty $1,500 price tag. Meta hopes the new Meta Quest Pro headset will lure people to work and play in the still-elusive place called the \"metaverse.\" Meta is in the\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94232,"url":"https:\/\/harchi90.com\/zuckerberg-takes-veiled-shots-at-apple-after-releasing-1499-headset\/","url_meta":{"origin":94928,"position":4},"title":"Zuckerberg takes veiled shots at Apple after releasing $1,499 headset","date":"October 11, 2022","format":false,"excerpt":"Facebook CEO, Mark Zuckerberg (L) and Apple CEO, Tim CookReutersMark Zuckerberg on Tuesday hinted that he sees Apple as Meta's main competitor in virtual and augmented reality, which it calls the \"metaverse.\"The remarks came after the Meta CEO unveiled the company's latest virtual reality headset, the $1,499 Quest Pro. without\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"fifu_image_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107133203-1665581669729-gettyimages-1243896879-META_CONNECT_2022.jpeg?v=1665584577&w=1920&h=1080","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/94928"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=94928"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/94928\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=94928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=94928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=94928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}