VR and AR

The corporation released its financial report for the third quarter of 2024, which ended on September 30. Its XR division, Reality Labs, continues to incur significant losses

Meta released its third quarter earnings today, revealing a $4.4 billion loss in its augmented and virtual reality division, Reality Labs.

Many developers view the current state of gaming VR with skepticism. This conclusion can be drawn from the results of the study conducted by The Game Developer Collective.

XR Games is said to have informed numerous employees that their positions are in jeopardy due to an extensive reorganization.

Since the 1980s, Brazilian game developers have been active, and the nation's creative talent has also been at the forefront of virtual reality innovation from its nascent stages

Meta has announced that the Meta Quest 3S will be released on October 15.

The British company nDreams, specializing in virtual reality games, has decided to undergo restructuring. As part of this, up to 17.5% of the staff will be laid off. Some executives will also be affected by the cuts

nDreams is preparing to reduce its workforce by as much as 17.5%. CEO Patrick O'Luanaigh informed GamesIndustry.biz that the company considered "multiple alternatives to avoid such action," but a shift in "strategic focus" may lead to job cuts affecting up to 17.5% of its employees. The company's LinkedIn profile indicates it has between 201 and 500 employees, suggesting that approximately 35 to 88 positions could be impacted across "all levels" of the organization

What’s the most valuable feature of VR development? The ability to do it while in the game itself. Here is how CM Games has been conducting guided tours around the harsh virtual environment of Into The Radius 2 with the help of senior game designer Anton Subbota.

News has surfaced about another studio shutting down. After 11 years of operation, Canadian studio Archiact Interactive, known for developing VR games Journey to Foundation and FREEDIVER: Triton Down, is planning to close its doors

Although sales of virtual reality headsets are declining, VR games are setting download records. The service SplitMetrics found that during the first half of the year, owners of Android devices downloaded the 28 most popular VR games a total of 5.5 million times. This is 40% more than a year ago

The market for virtual and augmented reality headsets continues to decline, reports the analytics company IDC. It found that 67.4% fewer VR/AR headsets were sold in the first quarter of 2024 compared to the beginning of 2023

Sony has become less interested in the virtual reality market, according to sources from the Android Central portal. According to their information, the company has significantly reduced funding for VR game development

Gorilla Tag is a multiplayer VR game where users can play as gorillas, race, tag other players, and participate in slingshot battles. According to the studio Another Axiom, Gorilla Tag has earned over 100 million dollars in its three years of existence

Meta Corporation has restructured the Reality Labs division, which focuses on mixed reality technologies. It has been divided into two business groups — Metaverse and Wearables.

People Can Fly has published its financial report for the first quarter ended March 31, 2024. Let’s take a closer look at its key business metrics and the status of the five games currently in development at the Polish company.

CM Games has run an interesting experiment with their VR shooter Into the Radius. Here is how the team managed to find an additional revenue channel by developing and launching a Supporter Pack for their core fans.

After making mobile titles for over 13 years, CM Games has decided to enter the field of virtual reality. Here is how the studio successfully launched a custom Steam Sale event to promote its VR game Into the Radius despite knowing little about the platform and its marketing features.

Meta* Corporation has announced a major change in its business strategy related to virtual reality. She began licensing the Meta* Horizon OS operating system to other VR headset manufacturers.

Also among the leaders are games with mixed reality support and simulators," the report of the agency company Curran Games Agency says.

Last night, Ubisoft published a report for the third fiscal quarter ended December 31, 2023. We have chosen the main thing.

Meta Corporation* has published its financial report for the fourth quarter of 2023, which ended on December 31. She said that thanks to strong sales of the new Quest 3 VR headset, her Reality Labs division managed to earn a record $1.07 billion.

The situation in the VR market cannot be called prosperous. This is what analysts at the Omdia research company think, comparing sales of VR devices and VR software compared to last year.

nDreams, a British developer and publisher of VR games, has joined Aonic, a gaming conglomerate that owns stakes in OtherSide Entertainment, BKOM Studios and Milky Tea.

On July 27, the Roblox open beta test for Meta* VR headsets began. According to Roblox CEO David Baszucki, in the first five days, the owners of Quest 2 and Quest Pro downloaded the VR version of the platform “much” more than a million times.

The losses of Reality Labs, the XR division of Meta*, continue to grow. In the first half of 2023, they amounted to $7.73 billion. This is $1.9 billion more than in 2022.

Apple has reduced the plan for the production of the Vision Pro AR headset due to the complex design of the device. This is reported by the Financial Times with reference to sources.

Apple has seriously revised its sales plan for the Vision Pro AR headset, analyst Ayesha Tariq reports, citing an industry insider. It has become 6.6 times smaller.

Bank of America predicts strong sales for Apple‘s AR headset. According to his estimates, the device will be bought 1.5 million times in the first year.

The AR startup Mira has joined Apple, The Verge reports. The deal took place the day after Apple unveiled the Vision Pro augmented reality headset.

During the newly opened WWDC 2023, the announcement of a new gadget from Apple took place. The device resembles ski goggles, is controlled by eye movement, gestures and voice commands.

On the eve of the WWDC 2023 conference, Apple‘s stock price rose to a historic high, Bloomberg reports. According to the publication, this is partly due to rumors about the upcoming announcement of the XR headset.

The Reality Labs division working on augmented reality technologies remains unprofitable for Meta*. In a recent financial report, the company said that the losses of Reality Labs for the first quarter of 2023 amounted to $3.99 billion – 34.8% more than last year.

Capcom has no plans to break its winning streak, as it prepares to launch AR mobile game Monster Hunter Now from Pokémon GO developer Niantic. The new announcnemnt has sent the company’s shares skyrocket.

The official announcement of Apple‘s XR headset may take place in the near future, according to Bloomberg sources. According to them, last week the company showed the device to 100 top managers, and also disclosed the price and sales forecast.

According to The Verge, this figure was named by the vice president of the VR direction Meta* Mark Rabkin during a presentation for employees.

The US Federal Trade Commission (FTC) failed to block a deal between Meta* and Within Unlimited. The District Court of California allowed the company to buy the developers of the Supernatural VR game, Bloomberg reports, citing sources.

Ambitions to create a metaverse are expensive for Meta*. In the latest financial report, the company reported that the losses of the Reality Labs division for 2022 amounted to $13.717 billion, which is 34.5% more than a year ago.

Yesterday, Bloomberg, citing sources, reported that Sony is going to produce only one million copies of PS VR 2 in the first quarter of 2023 instead of the previously planned two million. However, Sony later issued a denial.

Innersloth studio announced that Among Us VR has crossed the millionth milestone in less than 10 weeks since its release.

Ghost Ship Games has bought a minority stake in the VR studio Bolverk Games from the investment firm Capnova. The amount of the transaction was not disclosed.

This year, Americans spent 2% less on VR headsets compared to 2021, CNBC reports, citing data from the NPD Group. Their expenses decreased to $1.1 billion.

On December 20, Mark Zuckerberg appeared in court in the case of the purchase of the VR developer Within Unlimited. The head of Meta* tried to prove that this deal would not make his company a monopolist in the nascent market of fitness games for virtual reality.

The British company nDreams, specializing in VR games, made its first purchase. She purchased the Near Light studio for an undisclosed sum.

Ryan Smith, tech art director of R&D at Gearbox, has opened up about how the studio is already using AI in its work. He encouraged other artists to learn these tools, because they can help in solving routine tasks.

ArtStation has finally responded to the backlash from artists calling on the platform to ban AI-generated art. The company, however, tried to find a compromise, which further angered many professionals.

The surge in popularity of ChatGPT, Midjourney, and other tools has people thinking that AI will soon replace artists and will help even smaller teams create games on the scale of Cyberpunk 2077 or RDR 2. However, many devs remain skeptical.

This is almost three times more than in 2022. According to Omdia estimates, only 26 million people currently have VR headsets.

The global VR market is on the rise. According to the forecast of Newzoo analysts, in two years its revenue will exceed $ 3 billion, despite the fact that in 2019 it was only $ 0.5 billion.

On behalf of five Chinese ministries, a plan was published according to which the country plans to put 25 million VR devices on the market by 2026.