Meta adjusts VR hardware priority: shifting to wearable devices and AI business

Meta is shifting more resources to wearable devices and AI businesses, lowering the priority of consumer VR hardware, Reality Labs third-quarter revenue decreased by 6% to $443 million. CEO Mark Zuckerberg said the company is prioritizing AI investment at this stage but has not completely abandoned VR. Its latest product, Meta VR Glasses, is expected to launch in spring 2027.