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Meta & LG Officially Confirm Partnership, Including "Next-Gen XR Device Development"

Upload VR

Earlier today, Mark Zuckerberg met with LG CEO William Cho and the president of LG's Home Entertainment division Park Hyoung-sei at LG's headquarters in Seoul to finalize the details of the partnership. Samsung handled the hardware for Gear VR, Oculus Go was manufactured by Xiaomi, and Oculus Rift S was co-designed and manufactured by Lenovo.

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Editorial: This VR cycle may take more time than expected

The Ghost Howls

As I said a few months ago , we are in the middle of a paradigm change: the cycle that started with the Quest is arriving at an end, and a new cycle driven by new technologies (mixed reality headsets) and new players (Apple, Google) is starting. PSVR 2 Hero view of PSVR 2 (Image by Sony Interactive Entertainment) I had big hopes for PSVR 2.

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Big News From Meta, Samsung, Microsoft, and HTC VIVE

XR Today - Mixed Reality tag

Samsung Revenue Drops This week, Samsung also revealed its Q2 earnings. billion, its total revenue fell by 22 percent to $47 billion, and Samsung’s operating income dropped to $527 million, a decrease of 95 percent. The decline is due to various factors, one of which is a decrease in shipments of Samsung smartphones.

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What Made VR Gaming Highly Popular

ARPost

Games, as one of the prime sources of entertainment, could be more prominent by becoming more interactive and immersive. Technologies like VR are being used widely to make games distinctive and entertaining so that both avid and casual gamers can enjoy their favorite games irrespective of time and place.

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The XR Week Peek (2024.02.27): Meta reported to release Quest Pro 2 in 2025, Apple Vision Pro affected by the crackgate, and more!

The Ghost Howls

We already know that Google, Samsung, and Qualcomm are working on a competitor of the Vision Pro, which should be based on the Qualcomm Snapdragon XR Gen2+ and cost around $2000. The release of this headset is expected for the first half of 2025. It’s free, so you have no excuses not to attend!

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XREAL Secures $60 Million to Take on Apple’s Vision Pro

XR Today - Augmented Reality tag

This goal will allow XREAL to expand production of its AR smart glasses product ready for 2025 onwards, readying the firm for a new wave of potential customers. Will XREAL continue its momentum as significant firms like Apple, Google, Samsung, LG, and others enter the space?

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Augmenting the Impact of Virtual Reality with a Robust Testing Strategy

ARVR

Goldman Sachs, the investment banking company, envisages an $80 billion growth for the virtual reality industry by 2025. With some big, global brands like Google, Facebook, and Samsung stepping their foot in the virtual reality space, and large investments pouring in, it is evident that virtual reality is here to stay.