If you’ve been thinking about buying a Quest 2 virtual reality headset, you might want to do so very soon. Next month, Meta, formerly known as Facebook, will increase the price of the famous VR headset by 100 euros.
Starting in August, Quest 2 will be priced at €450 and €550 for the 128GB and 256GB versions, respectively. The price increase is not related to any hardware upgrades. However, for a limited time, customers who purchase the headset will be able to download Beat Saber VR for free for $30.
Meta is also raising prices on accessories and refurbished gadgets for Meta Quest 2.
“The costs of manufacturing and shipping our products are rising”
“The costs of manufacturing and shipping our products are rising,” Meta said on his Oculus blog. “By adjusting the price of Quest 2, we can continue to increase our investment in research and development of new products that will take the VR industry to new heights.”
Facebook acquired virtual reality headset maker Oculus in 2014. As Meta herself says, the company has shown great interest in virtual reality for many years. Meta’s heavy investment in the metaverse has allowed it to offer exclusive VR content and hardware at hitherto subsidized prices.
Thanks to large investments, Quest headsets are hugely popular – according to IDC, Meta controlled 90% of the VR headset market in the first quarter of this year. However, these investments have had a significant impact on Meta’s results. In April, the company announced that the Reality Labs business segment lost $2.96 billion in the first quarter.
Also note that Meta will soon face increased competition in the market. Next year, consumers should benefit from the next generation of headsets from Pico and Sony. Apple could also release its long-awaited mixed reality headset in 2023, which analysts say will be a game-changer.
Meta is also pointing to the release of its new high quality Project Cambria helmet later this year. Then the company plans to release new generations of the Quest headset.