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META
TechCrunch
74 days

2025 will be a ‘pivotal year' for Meta's augmented and virtual reality, says CTO

1. Meta CTO forecasts potential greatness for Reality Labs by 2025. 2. Ray-Ban AI glasses sold over 2 million pairs since October 2023 debut. 3. Competition from Google and Apple intensifies in AR and VR markets. 4. Execution of plans is crucial for Meta's success, not just competition. 5. 2023 is deemed a pivotal year for Meta's AR and VR ambitions.

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FAQ

Why Bullish?

Strong sales of Ray-Ban glasses indicate potential market acceptance for META’s AR products.

How important is it?

Positive sales and a strategic outlook could boost investor confidence in META.

Why Short Term?

Q4 2023 results will reveal if META executed its ambitious plans effectively.

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