Posted: February 26, 2024 at 6:30 am Up to date: February 26, 2024 at 10:21 am
Edited and verified: February 26, 2024 at 6:30 am
Briefly
Meta and LG will launch the Quest Professional 2 within the first half of 2025, with particulars of the VR headset collaboration to be finalized this week.
Tech conglomerate Meta’s upcoming digital actuality (VR) headset Quest Professional 2, made in partnership with South Korea’s LG Electronics, is about to launch within the first half of 2025.
Particulars of the collaboration are anticipated to be finalized throughout discussions scheduled for this week between Mark Zuckerberg, CEO of Meta, and Jo Joo-wan, CEO of LG Electronics. The upcoming assembly between the 2 corporations will revolve round figuring out the companies that will likely be included into the Quest Professional 2 premium headset and designing an efficient gross sales technique.
Meta and LG’s collaboration to launch the XR headset goals to outdo an analogous product from a rival firm – Apple’s ‘Imaginative and prescient Professional’.
LG Electronics will leverage its in depth {hardware} applied sciences gathered through the years, whereas Meta will contribute its gathered experience in AI and Metaverse. The convergence of those two corporations, every of which excels in numerous areas – software program (Meta) and {hardware} (LG), is anticipated to convey appreciable synergy.
Within the business, Meta is usually recognized as being weak in {hardware}. Regardless of experience in product design and planning, the corporate lacks direct manufacturing capabilities. Launched in October final 12 months, “Meta Quest 3” confronted criticism for being perceived as “troublesome”, dizzying and missing in non-game content material.
Because of this Meta selected LG as its collaborator. On the similar time, LG was devising numerous methods to make the most of the alternatives within the increasing metaverse market. The anticipated division of obligations between the 2 entities is assumed to be that LG will care for the {hardware} space and Meta will care for the software program in a broader framework. As well as, LG’s ‘WebOS’, which is known as the mind of good gadgets, is probably going for use because the working system (OS).
Meta has constantly carried out VR and AR (augmented actuality) over the previous ten years. The acquisition of VR headset developer Oculus in 2014 has allowed Meta to dominate round 70% of the worldwide market by 2022, because of constant product launches.
Nonetheless, as of final 12 months, the market share has shrunk to round 40% because of the rise of reasonably priced Chinese language merchandise and the entry of opponents comparable to Japanese expertise firm Sony. With the latest gross sales of over 200,000 items of the Apple XR “Imaginative and prescient Professional” headset on Day 2, Meta’s market share is anticipated to proceed to say no.
The business envisions augmented actuality (XR) expertise increasing its use past on a regular basis life and discovering functions in industries comparable to development, medical care and firefighting. Market analysis agency IDC predicts that the XR system market will see important development, doubling from $18.2 billion this 12 months to $35.7 billion by 2026.
As Meta and LG collaborate on the Quest Professional 2 and tackle {hardware} challenges, Meta is anticipated to strengthen its place within the evolving XR aggressive panorama.
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About autor
Alisa is a reporter for the Metaverse Submit. It focuses on investments, AI, metaverse and all the things associated to Web3. Alisa has a level in Enterprise of Artwork and experience in Artwork & Tech. She developed her ardour for journalism by writing for VCs, notable crypto initiatives and science writing. You may contact her at (electronic mail protected)
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Alisa Davidson
Alisa is a reporter for the Metaverse Submit. It focuses on investments, AI, metaverse and all the things associated to Web3. Alisa has a level in Enterprise of Artwork and experience in Artwork & Tech. She developed her ardour for journalism by writing for VCs, notable crypto initiatives and science writing. You may contact her at (electronic mail protected)
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