Meta Shifts Focus from VR to Third-Party Ecosystem

Meta has announced a strategic shift in its approach to VR, moving away from developing its own VR experiences to nurturing a third-party developer ecosystem. This comes as Meta sees that a significant portion, around 86%, of VR usage is by third-party apps, highlighting the growing importance of external developers. The company remains committed to designing and selling VR hardware and will maintain storefronts for third-party developers. Notably, Meta's Horizon Worlds mobile app has attracted new users interested in social gaming beyond the VR component. Future investments will focus on smart glasses and AI technologies, as Meta recalibrates its metaverse ambitions.