Meta Platforms on Monday announced Meta Quest, a subscription-based service for its virtual reality VR headsets, to shape a nascent but high-investment market.
Meta has dominated the market, presenting its $3,499 augmented reality headset called the Vision Pro. Apple's headset, however, is three times the price of Meta's priciest headset.
In March, Meta reduced the price of its headsets as its bold bets on the metaverse failed to make a big splash.
The Meta Quest Pro, the top VR headset for social media, is currently priced at $999.99, down from its launch price of $1,499. Quest 2 is being sold for $299.99, according to Meta's website.
Although virtual reality headsets have become more advanced, the gaming sector has been limited to the gaming industry, which has led to the adoption of virtual reality headsets.