Please ensure Javascript is enabled for purposes of website accessibility

Facebook's VR Unit Working on New Quest Stand-Alone Headset

By Donna Fuscaldo – May 5, 2020 at 10:30AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The timing for the launch of the new standalone VR headset is questionable given the supply chain disruptions caused by the pandemic.

Oculus, the virtual reality unit of Facebook (META -0.54%), is working on a new Quest VR headset that promises to be lighter, smaller, and faster. 

Expectations had been that Facebook would have the replacement to the existing Quest headset ready for the holiday selling season, but with supply chain disruptions due to the pandemic, that could be pushed out to 2021, reports Bloomberg News.

A girl wearing VR glasses and playing a game.

IMAGE SOURCE: GETTY IMAGES.

Sources told Bloomberg the tech stock is developing several models that weigh less, have a reduced size, and a better refresh rate that makes the experience more realistic. The unit hasn't made a final decision on which one will be brought to the market. The headsets in development are equipped with four cameras and support the ability for users to look all around. Facebook is reportedly fixing flaws with the controllers in the current model. 

The Quest headset, which doesn't require a customer to hook up to a computer or mobile device, sells for $299. The device has been in demand during the pandemic as millions of people shelter at home.

During Facebook's first-quarter earnings conference call last week, CEO Mark Zuckerberg said demand for Quest has "surpassed our expectations," and the company wished they could make more of them at a faster rate during the pandemic. Zuckerberg acknowledged that the demand may not continue once the virus is contained, but for now, he's happy with the product's performance. 

Back in 2014, Facebook made a $2 billion bet on Oculus, predicting the VR market would take off in a big way. That vision has failed to materialize so far, although the pandemic is helping with demand. 

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Donna Fuscaldo has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Facebook. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Meta Platforms, Inc. Stock Quote
Meta Platforms, Inc.
META
$135.68 (-0.54%) $0.73

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
326%
 
S&P 500 Returns
102%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 10/02/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.