Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Meta sets Oct. 11 for Connect event, teases new VR headset release

Published 09/06/2022, 12:55 PM
Updated 09/06/2022, 01:00 PM
© Reuters. FILE PHOTO: A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. REUTERS/Benoit Tessier
META
-

(Reuters) - Meta Platforms Inc will host its annual event on Oct. 11 to showcase augmented and virtual reality (AR/VR) offerings, and possibly release its much touted VR headset code-named Project Cambria.

Chief Executive Officer Mark Zuckerberg in a Facebook (NASDAQ:META) post on Tuesday announced the event date with a picture of him wearing a VR headset, hinting at the long-awaited headset release.

Meta did not respond to a Reuters query seeking confirmation on the release of the new product.

Zuckerberg, on a podcast last month, said the new headset will have advanced sensors to track eyes and facial cues, with capabilities to mirror those expressions onto digital avatar in real time.

Project Cambria, which will be the successor to Meta Quest 2, will be the centerpiece of the company's metaverse strategy.

© Reuters. FILE PHOTO: A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. REUTERS/Benoit Tessier

Over the last few months, Meta has announced updates to its VR social platform, Horizon Worlds, including creator payments, opened a physical store to demo the gadgets and also bumped prices of existing VR headset models.

The event date announcement follows the departure of Vice President Vivek Sharma, who spearheaded the development of the Horizon Worlds platform and related offerings.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.