Metaverse Inflation Theory Confirmed

Meta (the company formerly known as Facebook) has confirmed that it is inflating the price of Quest 2 VR headsets by $100 on August 1. As far as I can tell, you can still find both models at the lower prices, but time is running out and the price to enter the observable Zuckerverse will soon inflate.

Zuck is extending a bit of an olive branch. New purchases will include a free download of Beat Saber, a very popular VR app. It’s a nice gesture, but it doesn’t offset the $100 upcharge. Beat Saber is a $30 game with in-app purchases.

According to Meta, “The costs to make and ship our products have been on the rise. By adjusting the price of Quest 2, we can continue to grow our investment in groundbreaking research and new product development that pushes the VR industry to new heights.”

That sounds great, except the price hikes will likely put Quest 2 headsets out of reach for many. I’m not sure how you grow a nascent industry by making the gear more expensive.

Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications, co-founder of Metacademy, and the CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and CNBC and writes a popular daily business blog. He’s the Co-Host of the award-winning podcast Techstream with Shelly Palmer & Seth Everett and his latest book, Blockchain - Cryptocurrency, NFTs & Smart Contracts: An executive guide to the world of decentralized finance, is an Amazon #1 Bestseller. Follow @shellypalmer or visit shellypalmer.com.

Tags

Categories

PreviousEveryone Hates Facebook NextGoogle Delays Cookie-Cutting to 2024

Get Briefed Every Day!

Subscribe to my daily newsletter featuring current events and the top stories in technology, media, and marketing.

Subscribe