Meta raises prices of Quest VR headsets due to chip costs

· Source: Dataconomy · Field: Technology & Digital — Emerging Technologies & Innovation, Gaming & Interactive Media · Depth: Fundamental Awareness, quick

Summary

Meta is increasing the prices of its virtual reality headsets, effective April 19, citing a significant rise in hardware production costs, particularly for memory chips. The Meta Quest 3S (128GB) will now cost $349.99, up $50, while the 256GB version will be $449.99, also a $50 increase. The flagship Meta Quest 3 will see a $100 price hike, reaching $599.99. This adjustment extends to refurbished units but excludes accessories. Meta states this move is necessary to maintain the quality of its Quest platform's hardware, software, and support, aligning with a broader industry trend where companies like Samsung, Microsoft, and Sony have also raised prices due to the global RAM shortage.

Key takeaway

For consumers considering a Meta Quest VR headset, you should anticipate higher prices starting April 19, with the Meta Quest 3 increasing by $100 to $599.99. If you were planning a purchase, buying before this date could save you money, as even refurbished units will see price adjustments. This reflects broader industry cost pressures, so similar increases might affect other tech purchases.

Key insights

Rising memory chip costs are driving price increases for Meta's VR headsets and other consumer electronics.

Principles

In practice

Topics

Best for: Tech Journalist, Entrepreneur, Investor

Related on AIssential

Open in AIssential →

Editorial summary, takeaway, and curation by AIssential. Original article published by Dataconomy.