Posts Tagged: lost

Meta’s Reality labs had its best quarter, but still lost more than $4 billion

Reality Labs, Meta’s division for AR, VR and the metaverse, just had its best quarter yet despite continuing its multibillion-dollar losing streak. Reality Labs generated more than $ 1 billion in revenue during the final quarter of 2023 thanks to its Quest headsets and the Ray-Ban Meta smart glasses.

While crossing $ 1 billion in revenue is a new milestone for the company’s metaverse group, it’s still expected to continue racking up massive losses for the foreseeable future. Reality Labs lost $ 4.6 billion in the quarter, and more than $ 16 billion in 2023. Meta CFO Susan Li said that these losses are expected to “increase meaningfully year-over-year due to our ongoing product development efforts in augmented reality/virtual reality and our investments to further scale our ecosystem.”

The fourth-quarter, which encompasses the holiday shopping season, has typically been when reality does the best. During a call with analysts, Mark Zuckerberg suggested that the company’s smart glasses had done particularly well, saying that Ray-Ban maker EssilorLuxottica was “planning on making more [smart glasses] than we’d both expected due to high demand.” He added that both Quest 2 and Quest 3 were “performing well,” calling Quest 3 the “most popular mixed reality device.”

Reality Labs aside, Meta had a strong quarter, reporting $ 40.1 billion to close out 2023, bringing its total revenue for the year to just under $ 135 billion. Facebook’s user base also grew to 2.1 billion daily active users (DAUs). Meta CFO Susan Li said that the company was “transitioning away” from sharing the metric and would no longer report on Facebook’s daily or monthly active users or its “family monthly active people.”

The company had shared that it would eventually stop reporting user numbers back in 2019 as Facebook’s growth began to slow. But the change shows how Facebook’s position in the company’s “family of apps” has changed in recent years. A report from Pew Research earlier this week found that Instagram is continuing to grow in the US while Facebook use remains flat.

Meta’s newest app, Threads, is still growing, however. Zuckerberg said the service has 130 million monthly users, up from “just under” 100 million last fall. “Threads now has more people actively using it today than it did during its initial launch peak,” Zuckerberg said, referring to the app’s initial, but short-lived, surge in growth.

Zuckerberg also talked more about his newly-stated ambition to create artificial general intelligence, or AGI at Meta, saying it would be the “theme” of the company’s product work going forward. “This next generation of services requires building full general intelligence,” he said. “It’s clear that we’re going to need our models to be able to reason, plan, code, remember and many other cognitive abilities in order to provide the best versions of the services that we envision.”

The Meta CEO also indicated the company would be unlikely to offer any of its apps in alternative app stores in Europe, following Apple’s controversial new developer policies. “The way that they’ve implemented it, I would be very surprised if any developer chose to go into the alternative app stores,” he said. “They’ve made it so onerous, and I think so at odds with the intent of what the EU regulation was, that I think it’s just going to be very difficult for anyone, including ourselves, to really seriously entertain.”

This article originally appeared on Engadget at https://www.engadget.com/metas-reality-labs-had-its-best-quarter-but-still-lost-4-billion-231135719.html?src=rss
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics

How to replace lost or broken AirPods, AirPods Pro, or cases

Apple’s AirPods are some of the best true wireless earbuds around. But they’re easy to damage or lose. Here’s how to replace a single AirPod or a charging case.
Digital Trends

Threads has lost half its users, according to Meta chief Zuckerberg

Despite its impressive start earlier this month when around 100 million people flocked to it, Threads has already lost more than half of its users.
Digital Trends

I lost my iPhone on a dream vacation — and it wasn’t a nightmare

I lost my phone on the first day of a dream trip. Was it a vacation killer or a blessing in disguise?
Digital Trends

‘Oxenfree II: Lost Signals’ is delayed until 2023

Night School Studio has delayed the release of Oxenfree II: Lost Signals. The sequel to 2016’s Oxenfree won’t arrive until next year, the developer announced on Saturday. “To make Oxenfree II truly special and add more localizations, we’re moving our release window to 2023,” the studio posted on Twitter. News of the delay came shortly after Netflix announced subscribers could download the original game for free.

The streaming giant acquired Night School Studio in 2021. Given Netflix’s global audience, taking more time to localize the game in more languages makes a lot of sense. To that point, the new “Netflix Edition” features subtitle support in more than 30 languages. Oxenfree II: Lost Signals will be available on Steam, PlayStation 4, PS5 and Nintendo Switch when it arrives next year.

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics

How to find a lost phone

We show you how to locate your lost or stolen iPhone or Android smartphone using a variety of apps and services and share tips for finding older cell phones.
Android | Digital Trends

Qualcomm lost 3% of global smartphone chip market share in Q2 2020, against a backdrop of falling sales

Qualcomm lost 3% of global smartphone chip market share in Q2 2020 in a difficult market, which fell by 26%, according to the latest market share data. The report, by Counterpoint Research, explained that the main reason for the decline in smartphone chips is because of sharply reduced smartphone sales, due to the global pandemic. […]

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IMDb’s free streaming service will have every episode of ‘Lost’

IMDb thinks it has a way to keep you coming back to its free streaming video service: offer a bunch of the TV shows from your younger days. IMDb TV has secured the rights to stream over 20 Disney-owned series, including Lost, Desperate Housewives, M…
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[TA Deals] Find your lost stuff and save some money with the KeySmart Pro with Tile (33% off)

Are you always losing your car keys like I am? You can save yourself a ton of hassle in the mornings by investing in a smart tracker, and right now we’re offering a cool deal on a KeySmart tool that will always allow you to keep up with your keys and add some extra functionality […]

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Google and Netflix team up for a “Lost in Space” game on Google Home

Google likes to create fun experiences on Google Home, adding to the little gadget’s highly functional approach. This time around they’ve partnered with Netflix to craft a game based on the streaming service’s new show, Lost in Space.  There’s only so much you can do with a game where the only feedback is sound, so it […]

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‘A Normal Lost Phone’ arrives on Nintendo Switch March 1st

A Normal Lost Phone is the kind of indie game that seizes a tricky niche (mobile gaming) and leans into the form factor for a unique experience — a Gone Home or Life Is Strange that takes place entirely within a mock phone interface. The game will l…
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Google and Amazon likely lost money on smart speakers this year

Amazon and Google were extremely aggressive with their small smart speakers this holiday season, cutting the price on both the Echo Dot and Google Home Mini to just $ 29 for months. That was down from a $ 50 price point on both units before Q4. That move was great for customers, and I’m sure both Google […]

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Never print another lost dog poster again with Trakz GPS for pets

We all love our pets. Dog people, cat people, whoever we are, we can all agree that we would never want to lose our furry friends. Trakz GPS tracker wants to help make sure that this never happens.

The post Never print another lost dog poster again with Trakz GPS for pets appeared first on Digital Trends.

Wearables–Digital Trends

Uber just lost a huge case — U.K. drivers now considered workers

In a court case that may have ramifications in the U.S., U.K. Uber drivers are now considered workers entitled to minimum wage and paid time off. Uber said it will appeal, stating the majority of its drivers prefer to be self-employed.

The post Uber just lost a huge case — U.K. drivers now considered workers appeared first on Digital Trends.

Mobile–Digital Trends

Wistiki is a stylish tracker that helps you find your lost devices

Bluetooth trackers aren’t really new products — but they’re becoming more stylish, if that’s your thing. Wistiki just successfully funded their sleek trackers on Indiegogo, and they’re $ 50 a pop.

The post Wistiki is a stylish tracker that helps you find your lost devices appeared first on Digital Trends.

Cool Tech–Digital Trends