> The introduction of Apple’s headset marks a major competitive threat."
An idiot like me thinks the opposite: it validates the market and thus justifies further spending to Facebook investors.
An idiot like me thinks the opposite: it validates the market and thus justifies further spending to Facebook investors.
Precisely. Apple has validated this product category and Meta has already established being a viable competitor in XR.
Even if Apple prices it high, Meta is going to win on quantity and price, just like Google did for Android, and Microsoft did for Windows.
Not even the Apple fanboys would buy this, unless they are developers or having this as a collectable who think that every product Apple releases is going to be an instant hit like the iPhone. I don't think it is this version of the Vision product line. It will probably be the third generation that comes in the slimmed down glasses form factor and slightly cheaper.
Financially, RL is the worst business on earth. No other business has lost this much money in such a short period of time.
This is like saying, the US is the worst country on earth because of it's debt. The reality is, if you have money and you don't invest it, it loses value.
Investing in RL is not a bad idea if it can drive significant top-line growth. However, unless RL turns into one of the best businesses on earth (like FoA), it will never delivered a positive ROI since its inception.
US debt is similar in that it's invested capital, but it does provide a positive contribution to GDP. If the US stops growing, our debt will become a massive issue.