Oculus Dominates New Shipments

Meta, the company previously known as Facebook, bought VR headset maker Oculus for $2 billion back in 2014. This was their first venture into the world of virtual reality. Last year, they released a fresh set of VR headsets called the Oculus Quest 2 to compete with Sony, their biggest rival.

According to new data from Counterpoint Research, the new goggles helped Meta gain a 75% market share of all new extended reality (XR) product shipments in the first quarter of 2021, up from just 34% in the first quarter of 2020. The infographic below shows which company dominates the XR headset race.

Virtual reality is a very small market at this stage as it doesn't serve a big purpose yet, but does have a lot of potential. Time will tell whether Meta was ahead of its time or if they got it just right. I like what I am seeing so far, maybe the metaverse is the place to be.

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