Zuckerberg Announces New $500 Quest 3 VR Headset as Meta Prepares for Competition from Apple

Meta CEO Mark Zuckerberg teased the Quest 3 VR headset, which will start at $499 and be the first announced headset with "high-res color mixed reality"
The Quest 3 is 40% thinner than its predecessor, the Quest 2, and has at least three cameras on the front to improve pass-through experiences
The Quest 3 will ship with a next-generation Qualcomm chipset and more details will be provided on Sept. 27 during Meta's Connect conference
Meta continues to heavily invest in the metaverse and its Reality Labs unit recorded an operating loss of $3.99 billion in Q1 2022 while generating $339 million in revenue
Meta is preparing to compete with Apple's upcoming mixed-reality headset, which is expected to be more powerful but also far more expensive, with an anticipated price of roughly $3,000