What They Say
During Facebook’s Q1 2021 earnings call, Marki Zuckerberg highlighted the continued investment in AR & VR as a key to ‘the next computing platform’. In a comment that was aimed at rivals he said
“Quest 2 is doing better than we expected, even after the holiday season. We continue to see good engagement, and we keep shipping updates that make Quest better and better, including Air Link which enables wireless streaming of games and content from PCs and support for 120Hz refresh rates.
Achieving Quest’s high quality in a wireless form factor has been a major breakthrough. Having wires wrapped around you just really breaks the sense of presence and immersion. The technology to deliver a great experience wirelessly is very advanced, and most companies aren’t going to be able to deliver this, but we believe that it is the minimum bar for a high quality experience.”
He also said that
“Over time, I expect augmented and virtual reality to unlock a massive amount of value both in people’s lives and the economy overall”.
What We Think
Zuckerberg should be feeling positive as revenues for adds beat analysts estimates at $26.1 billion, up 48% because of higher advertising rates. Other revenue was $732 million, up 146% year on year. (BR)
