On the early morning of September 26th Beijing time, American tech giant Meta opened its annual developer conference with a new virtual reality (VR) headset, Quest 3S, and released a multimodal big language model and an augmented reality (AR) glasses prototype, Orion.
After the press conference, Meta's stock price continued to rise, closing up 0.88% to $568.310, reaching a historic high. It has risen 64% this year.
At the developer conference, Meta was the first to announce its new VR glasses - Quest 3S, positioning it as a multitasking computer. Meta CEO Mark Zuckerberg said that the new VR glasses are priced at $299.99, which is lower than the Quest 3 released at the same time last year. The two have completely similar computing data processing capabilities and similar configurations.
Analysts generally believe that Meta's launch of more affordable VR glasses can help it compete directly with Apple's Vision Pro mixed reality headset, which costs up to $3500.
In addition to the relatively low price of Quest 3S, Meta announced a price reduction for the Quest 3 released last year, lowering the price of the 512GB version from $650 to $500. Compared to Quest 3S, Quest 3 has higher lens and screen resolution.
At the press conference, another product that received attention from Meta was the augmented reality (AR) glasses Orion. At present, the Orion glasses are only used for demonstrations and internal development kits, with only about 1000 pairs produced and not officially available for sale to the public.
Zuckerberg stated that the current production cost of each pair of Orion glasses is about $10000 (approximately RMB 70000), and Meta hopes that the next version of Orion can be smaller and cheaper, officially released and provided to consumers, but did not give a specific timetable,
Although Meta has hardly disclosed any parameter information about Orion chips, optics, battery life, and other details this time, it has invited Nvidia CEO Huang Renxun to stand up for it. Huang Renxun said while experiencing this AR glasses, "The display is great, the tracking is great, and the color is also very good
Analysts told Xinhua Finance that at the 2024 Meta Conference, Zuckerberg once again showcased the entrance form of his virtual reality world layout, as well as the integration of real product form and future operational experience. Despite the significant increase in Meta's stock price this year, its current P/E ratio among the "Big Seven Technology Stocks" is not high, which also allows the developer conference to show the market its future growth prospects.