Home / Market News / Facebook announces $299 VR headset, due Oct. 13

Facebook announces $299 VR headset, due Oct. 13

Facebook Inc. on Wednesday announced a lighter, cheaper VR headset. The $299 Oculus Quest 2, due Oct. 13, can be ordered today, company Chief Executive Mark Zuckerberg said during a product event called Facebook Connect. (The current VR headset costs $399.) The new headset will offer crisper graphics and a single LCD, powered by Qualcomm Inc.’s Snapdragon chip. The headset comes as more Americans play and work from home. The market for VR headsets is expected to grow 46% in 2021, according to market researcher International Data Corp. Zuckerberg, who delivered the news via a live stream, added that Facebook is readying augmented-reality glasses for next year. Facebook is partnering with Luxottica Group, an Italian eyewear conglomerate.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Read Full Story