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21 Dec 2023

Meta's Billions Can't Stop VR Market Decline

U.S. sales of VR headsets and AR glasses [have dropped nearly 40%](https://www.cnbc.com/2023/12/19/vr-market-shrinking-as-meta-pours-billions-of-dollars-into-metaverse.html) in 2023. Meta has infused billions into metaverse development, embracing CEO Zuckerberg’s vision for the company’s future. Even the launch of the Meta's Quest 3 in October could not reverse the trend for the year. While Meta focuses on integrating AI and the metaverse, with significant advancements in 2023, issues [like user experience and widespread harassment ](https://about.fb.com/news/2023/12/metas-2023-progress-in-ai-and-mixed-reality/)in the metaverse continue to hinder broader acceptance.