Facebook has just come out with their Q1 2021 earnings report and looking at the results, we are very sure that the company may just move to invest heavily in the VR and AR devices in times to come.
Going by the predictions made by developers and analysts as they estimated Facebook selling 2 to 3 million units of Oculus Quest 2 last year, the company has also sold another 2 million units already in the first quarter of 2021. If all of these estimates are true then Quest 2 now enjoys 5 million users - a milestone that no other device has been able to enjoy as of now.
Even if we look at the most successful VR headset of all time - which is the PlayStation VR - Sony has only been able to sell 5 million units ever since it first came out in 2016. This overall means that Facebook has managed to sell as many units of second-generation VR headset altogether what Sony could manage within the span of 5 years. There are predictions that PSVR 2 will be a groundbreaking invention but for now, Facebook is the dominant player, (quite unexpectedly!)
Facebook’s CEO Mark Zuckerberg has explained the reason behind Quest’s immense success as he believes that the wireless form factor was exactly what the device needed. And his reason indeed makes sense considering how having wires wrapped around your head will always break the sense of being in the scene and also immersion. Moreover, not a lot of companies will be able to deliver such an advanced wireless experience but for Facebook, it still is the bare minimum so one can expect more amazing features coming in to beat the competition in the future.
Facebook has also been fortunate in facing no real competition in the VR market. The world saw HTC, Google, and Lenovo launching similar products to compete but nothing has been able to come close to the Quest 2.
Quest 2 has also beaten the original Quest’s figures in a matter of 7 weeks post-launch. Although Facebook doesn’t reveal the actual sales numbers related to its hardware, but the estimates made on the basis of revenue are usually pretty close. Many of the best Quest 2 games have also been sold a million times as well.
In terms of competition present in the broader market, Quest 2 is also keeping up well with Microsoft's Xbox Series X|S and the Sony PlayStation 5. So, while market analysts have estimated Sony to have already sold 7.8 million PS5s along with making it the fastest-selling console in U.S. history, it’s good to see the Quest 2's sales numbers being close to the PS5.
Furthermore, UploadVR has reported in the GDC 2021 survey that most of the VR developers are now interested to make games for the Quest platform which also means that a bigger shift is coming soon.
Image Credit: Facebook
Going by the predictions made by developers and analysts as they estimated Facebook selling 2 to 3 million units of Oculus Quest 2 last year, the company has also sold another 2 million units already in the first quarter of 2021. If all of these estimates are true then Quest 2 now enjoys 5 million users - a milestone that no other device has been able to enjoy as of now.
Even if we look at the most successful VR headset of all time - which is the PlayStation VR - Sony has only been able to sell 5 million units ever since it first came out in 2016. This overall means that Facebook has managed to sell as many units of second-generation VR headset altogether what Sony could manage within the span of 5 years. There are predictions that PSVR 2 will be a groundbreaking invention but for now, Facebook is the dominant player, (quite unexpectedly!)
Facebook’s CEO Mark Zuckerberg has explained the reason behind Quest’s immense success as he believes that the wireless form factor was exactly what the device needed. And his reason indeed makes sense considering how having wires wrapped around your head will always break the sense of being in the scene and also immersion. Moreover, not a lot of companies will be able to deliver such an advanced wireless experience but for Facebook, it still is the bare minimum so one can expect more amazing features coming in to beat the competition in the future.
Facebook has also been fortunate in facing no real competition in the VR market. The world saw HTC, Google, and Lenovo launching similar products to compete but nothing has been able to come close to the Quest 2.
Quest 2 has also beaten the original Quest’s figures in a matter of 7 weeks post-launch. Although Facebook doesn’t reveal the actual sales numbers related to its hardware, but the estimates made on the basis of revenue are usually pretty close. Many of the best Quest 2 games have also been sold a million times as well.
In terms of competition present in the broader market, Quest 2 is also keeping up well with Microsoft's Xbox Series X|S and the Sony PlayStation 5. So, while market analysts have estimated Sony to have already sold 7.8 million PS5s along with making it the fastest-selling console in U.S. history, it’s good to see the Quest 2's sales numbers being close to the PS5.
Furthermore, UploadVR has reported in the GDC 2021 survey that most of the VR developers are now interested to make games for the Quest platform which also means that a bigger shift is coming soon.
