Meta Launches Meta Quest+ Subscription for VR Headsets

Meta Platforms introduces Meta Quest+, a subscription-based service for its VR headsets, expanding into a growing market.

Credits: REUTERS

Meta Platforms (META.O) announced the launch of Meta Quest+, a subscription service for its virtual reality (VR) headsets, signalling its entry into the promising yet capital-intensive market. With this move, Meta aims to establish a foothold and shape the evolving VR landscape.

During a live broadcast on Instagram, Meta CEO Mark Zuckerberg revealed that the Meta Quest+ subscription is now available at $7.99 per month or $59.99 annually for Quest 2, Pro and soon, Quest 3. While Meta has been dominant in the market, Apple (AAPL.O) recently showcased its Vision Pro augmented reality headset, priced at $3,499. However, Apple's offering is three times more expensive than Meta's costliest headset.

In a bid to generate more interest and sales, Meta previously reduced the prices of its headsets in March. The Meta Quest Pro, Meta's flagship VR headset, currently sells at $999.99, down from its initial price of $1,499.99. Meanwhile, the Quest 2 is available for $299.99 on Meta's website.

Despite advancements in VR technology, the adoption of virtual reality headsets has primarily been limited to the gaming community, despite being hailed as the next big thing.

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• Meta Platforms (META.O) introduces Meta Quest+, a subscription-based service for its VR headsets, priced at $7.99/month or $59.99/year.

• CEO Mark Zuckerberg announces availability for Quest 2, Pro and the upcoming Quest 3.

• Apple (AAPL.O) enters the market with the Vision Pro headset, costing three times more than Meta's priciest offering.