Zuckerberg spills the tea during the companies Q4 2020 earnings call.
Facebook held its Q4 2020 earnings call yesterday, during which Mark Zuckerberg laid out some impressive sales figures for the Oculus Quest 2 while simultaneously confirming the development of a new Oculus Quest VR headset.
“We launched Quest 2 in October and it’s on track to be the first mainstream virtual reality headset,” said Zuckerberg during the sales call. “It’s been great to see so many people embrace this, especially this year during the pandemic. We’re seeing people use it to play games with friends when they can’t be together in person, to do workouts in their living room, or to meet with colleagues while working from home. There are a lot of reasons Quest 2 was one of the hot holiday gifts this year.”
While Zuckerberg remained tight-lipped regarding specific sales numbers, the CEO did shed some light on developer revenue.
“We’re also seeing a growing ecosystem of developers building amazing new experiences for the platform. Right now, more than 60 Oculus developers are generating revenue in the millions – that’s nearly twice as many as a few months ago.”
Facebook CFO Dave Wehner elaborated further on the success of the Oculus Quest 2 in 2020, stating, “Other revenue was $885 million, up 156%, due to strong Quest 2 holiday sales. We’ve been encouraged by the positive reception of Quest 2 since its October launch.”
Zuckerberg also confirmed the ongoing development of a new Oculus Quest headset. A direct successor to the Quest 2, this new hardware will feature compatibility with existing content on the platform, further expanding the Quest ecosystem.
“So we’re continuing to work on new hardware as well. The new hardware will kind of fit the same platform,” said Zuckerberg during the call. “So the content that works on Quest 2 should be forward compatible. And so that way we’re going to build one kind of larger installed base around the virtual reality headsets that we have.”
For more information check out the full earnings call here.
Feature Image Credit: Facebook
