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Meta Platforms open first physical store to sell Oculus Quest 2

05/20/202205/16/2022 Stephanie Beck

The shop will also sell other forms of hardware relating to virtual reality and the metaverse. Meta Platforms has announced that it is opening its first physical store to sell VR hardware like the Oculus Quest 2 to help to broaden the popularity of equipment needed to access the metaverse. While many teens already have VR headsets, they’re simply not using them as they’d use their phones. Meta has been trying to boost the number of people using VR headsets like the Oculus Quest 2 to dive into the metaverse,…

VR headset restricts breathing for more accurate environment simulation

05/19/202205/15/2022 L. Green

Salzburg University researchers have developed the gadget to create more realistic scenarios. While a VR headset that restricts breathing doesn’t sound like much of a feature, it was created on purpose to help provide a more realistic experience to the wearers. The device, which is called AirRes, was developed by researchers from Salzburg University. The AirRes VR headset attachment is shaped somewhat like a snorkel. It was developed to control how much air the wearer can breathe. According to the researchers behind it, it could help to make the experience…

Facebook’s virtual reality investments have lost almost $20B since 2020

05/18/202205/15/2022 John Montgallo

Last quarter alone, Meta spent $2.96 billion to continue the company’s attempt to build the metaverse. Meta has been aggressively pursuing its virtual reality metaverse world, but this pursuit has come with a large price tag as the company has consistently lost money on the effort until now. The metaverse is meant to allow users to navigate a VR world in the form of their digital avatars. The Facebook parent company has released its first quarter 2022 financial results and has revealed that this year alone, the virtual reality investments…

Mobile commerce to see 68 percent growth by the close of the year

05/17/202205/13/2022 Sam Lambert

As a growing number of people shop on their smartphones, companies see more income from apps. Mobile commerce has been taking off – particularly since the start of the pandemic – meaning that companies with online strategies focusing on smartphone shoppers have been winning out. The trend is only expected to continue through until the end of this year and beyond. According to a recent eMarketer report, online shopping will have reached $845 billion by the end of this year. Moreover, mobile commerce is expected to drive about half of…

M-commerce sales to double by 2025, reaching over $700 billion

05/16/202205/13/2022 Jorge Gonzalez

An eMarketer study predicts that smartphone-based sales will continue their skyrocketing rate. Back in 2020, m-commerce sales took off by 41.4 percent, continued their growth last year and are expected to continue on that path throughout this year as well, according to a recently released eMarketer report. Mobile shopping was already rising fast but the pandemic spurred things on even faster. According to the report, m-commerce sales are expected to see another 15.2 percent growth rate this year, bringing them to the $359.3 billion by the close of 2022. The…