{"id":178668,"date":"2023-12-19T15:22:28","date_gmt":"2023-12-19T21:22:28","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/12\/vr-market-keeps-shrinking-even-as-meta-pours-billions-of-dollars-a-quarter-into-metaverse"},"modified":"2023-12-19T15:22:28","modified_gmt":"2023-12-19T21:22:28","slug":"vr-market-keeps-shrinking-even-as-meta-pours-billions-of-dollars-a-quarter-into-metaverse","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/12\/vr-market-keeps-shrinking-even-as-meta-pours-billions-of-dollars-a-quarter-into-metaverse","title":{"rendered":"VR market keeps shrinking even as Meta pours billions of dollars a quarter into metaverse"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/vr-market-keeps-shrinking-even-as-meta-pours-billions-of-dollars-a-quarter-into-metaverse2.jpg\"><\/a><\/p>\n<p>Despite the company\u2019s commitment to making its founder\u2019s dream come true, the virtual reality market is contracting.<\/p>\n<p>Sales of VR headsets and augmented reality glasses in the U.S. plummeted nearly 40% to $664 million in 2023, as of Nov. 25, according to data shared with CNBC by research firm Circana. That\u2019s a much steeper drop than <a href=\"https:\/\/www.cnbc.com\/2022\/12\/28\/metaverse-off-to-ominous-start-after-vr-headset-sales-shrank-in-2022.html\">last year<\/a>, when sales of AR and VR devices slid 2% to $1.1 billion.<\/p>\n<p>The two-year decline underscores Meta\u2019s continuing challenge in bringing the immersive technology out of a niche gaming corner and into the mainstream. While Zuckerberg said, in announcing Facebook\u2019s pivot to Meta in late 2021, that it would likely take a decade to reach a billion users, he may need to start showing more optimistic data to appease a shareholder base that\u2019s been critical of the company\u2019s hefty and risky investments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the company\u2019s commitment to making its founder\u2019s dream come true, the virtual reality market is contracting. Sales of VR headsets and augmented reality glasses in the U.S. plummeted nearly 40% to $664 million in 2023, as of Nov. 25, according to data shared with CNBC by research firm Circana. That\u2019s a much steeper drop [\u2026]<\/p>\n","protected":false},"author":556,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1498,1879],"tags":[],"class_list":["post-178668","post","type-post","status-publish","format-standard","hentry","category-augmented-reality","category-virtual-reality"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/178668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/556"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=178668"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/178668\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=178668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=178668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=178668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}