VR market struggling to peak up steam, sales still falling despite huge investments

[Grim5]

Sales of VR/AR headsets and games continues to struggle and limp along, the market is not yet showing growth that could justify its existence. Yet Meta and Apple continue to invest in the hope that something changes. Meta itself has spent $25 billion in the last two years and is now losing billions every quarter which is getting harder to justify to investors when sales numbers don't correlate with investment

VR market keeps shrinking even as Meta pours billions of dollars a quarter into metaverse

Sales of VR headsets and AR glasses in the U.S. have plummeted nearly 40% this year, while Meta has invested billions of dollars into the technology

www.cnbc.com

 

[Grim5]

Firewall studio shuts down

They say investors no longer want to invest into AAA vr games and without the funding they can't make the FPS they want to make so have decided to close up shop and do something else

Studio behind PlayStation Firewall games shuts down due to "lack of support" for VR within industry

First Contact Entertainment, the company behind PSVR and PSVR2 games Firewall Zero Hour and Firewall Ultra, has shut do…

www.eurogamer.net