The XR Week Peek (2021.07.05): Facebook to have $6B of losses for the VR business, investments in XR are on the rise, and more!
The Ghost Howls
JULY 5, 2021
But actually, the virtual reality business is far from being profitable for Facebook. In fact, Mr. Mahaney reports that due to the huge expenses for R&D, deals with game studios, and hardware sold at loss, “ [Facebook] will generate between $5.4 billion in operating losses this year on its virtual reality business”.
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