ByteDance, the China-based company that owns TikTok as well as one of the biggest overseas VR makers, Pico, is taking a long look at its VR headset business, finding that all those metaverse champions were way too “optimistic” in their estimation that virtual reality would take over the world.
Justin Sullivan/Getty
Rumors of the metaverse’s death overseas may have been a bit premature, even as headset-maker Pico seems to be in the doldrums of a rather anticlimactic year in VR.
All that metaverse tech — whatever that term means at this point — will get a big connectivity boost thanks to federal regulators.
How’s that whole metaverse thing going? Well, according to one top analyst’s sales expectations for the Quest 3 mixed reality headset, not as well as Meta might hope.
Charles Platiau/Reuters
Watching the Meta Quest 3 being announced by Meta made me realize something – the hardware available for virtual, augmented and mixed reality is finally catching up with the big idea pitches everyone had about this concept called the “metaverse” a couple of years ago.
Drew Angerer/Getty Images
