Did Qualcomm Just Reveal One of Meta's Biggest Secrets?
Meta Platforms (NASDAQ: FB), the tech giant formerly known as Facebook, has never revealed any exact shipment figures for its Oculus virtual reality (VR) headsets. But it's dropped plenty of hints along the way.
Two years ago, CEO Mark Zuckerberg set a long-term goal of hitting 10 million VR users to become a sustainable software platform for developers. This August, Meta's AR and VR chief Andrew Bosworth said he was "convinced" it would hit that threshold earlier than it "had initially expected."
Meta didn't say anything else about hitting that target during last quarter's conference call, but it attributed the 195% year-over-year growth of its "others" segment to "strong Quest 2 sales." However, Qualcomm (NASDAQ: QCOM) seemingly let the cat of the bag in a recent investor day presentation, when CEO Cristiano Amon casually noted that Oculus had shipped 10 million Quest 2 headsets since its launch last October.
Source Fool.com
