Meta announces big price cuts for its VR headsets

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The Meta's Quest Pro headset which according to the institution has outward-facing cameras that seizure the user's carnal situation successful afloat colour and alteration the overlay of virtual elements similar 3D models, drawings and screens, is seen successful this undated handout picture.

Meta | via Reuters

Meta volition slash the prices of its Quest 2 and high-end Quest Pro headsets, the institution announced Friday.

The terms of the Meta Quest 2 volition driblet from $499.99 to $429.99, portion the terms of the higher-end Meta Quest Pro volition beryllium slashed to $999.99 from $1,499.99.

Meta lost $13.7 billion connected its Reality Labs conception successful 2022. That's the concern portion liable for gathering the company's ambitious metaverse technologies. Reality Labs generated $727 cardinal successful the 4th quarter, and $2.16 cardinal successful gross for each of 2022 — a diminution from $2.27 cardinal successful 2021 — including income of Quest headsets. 

The Meta Quest Pro 2 was announced successful November, but its precocious terms enactment it retired of scope for astir consumers. And determination didn't look to be a wide nonrecreational usage lawsuit either. The little terms could marque it much charismatic to some audiences.

"Our extremity has ever been to make hardware that's affordable for arsenic galore radical arsenic imaginable to instrumentality vantage of each that VR has to offer," the institution said successful a release. The terms changes volition statesman rolling retired connected March 5 for the Meta Quest 2.

U.S. and Canadian buyers volition besides spot the Quest Pro's caller terms connected March 5. Its terms volition driblet for the remainder of the satellite connected March 15.

CNBC's Ari Levy contributed to this report.

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