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Facebook owner Meta loses a billion per month on its AR/VR division, but believes it will be worth it
Meta is continuing to plough billions of dollars into its AR/VR division Reality Labs, despite losses of more than $1bn…
But Reality Labs as a whole is still nowhere close to turning a profit, and in its latest financial results has said it expects losses to increase as it deepens its investment. Watch on YouTube In the financial quarter ending March 31st, Reality Labs recorded $440m in revenue but an overall loss of $3.85bn. This week, an Android Central interview with Meta's Caitlin Kalinowski suggested the company's upcoming Project Nazarre glasses - which will allow for virtual objects to be overlaid convincingly onto your real-world surroundings with a high field of view - were still several years off.
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