Meta Stock Skyrockets as Apple’s Vision Pro Hits the Market

February 04, 2024 – News emerged on February 4th that Apple’s inaugural head-mounted display, Vision Pro, had officially gone on sale on February 2nd. However, an interesting turn of events unfolded as the stock price of its competitor, Meta, experienced a significant surge of over 20% in a single day, adding more than $200 billion to its market capitalization and setting a new record in the U.S. stock market.

Back in September 2023, Meta had unveiled its Quest 3 headset, priced starting at $499.99 (approximately RMB 3,648). This marked the world’s first device to be equipped with the Qualcomm Snapdragon XR2 Gen 2 chip, boasting twice the graphics performance of its predecessor. The Quest 3 also boasted faster loading times and superior visuals.

In terms of display, the Quest 3 had been upgraded to a 4K+ Infinite Display with a single-eye resolution of 2064 x 2208, a PPD of 25, and a refresh rate of 90Hz, with an optional 120Hz.

On the other hand, Apple’s Vision Pro carried a starting price tag of 3,499(approximatelyRMB25,000),withthe1TBversioncostingasmuchas3,899 (approximately RMB 28,000). In terms of specifications, the Vision Pro was equipped with an M2 chip and an R1 chip. The device boasted 12 cameras, 5 sensors, and 6 microphones. It could be used all day with a power supply and also supported an external battery, providing up to 2 hours of battery life. However, when combining the weight of the battery and the Vision Pro, the total weight exceeded one kilogram, compared to the Quest 3’s weight of 515 grams.

The significant price difference and varying specifications between the two devices have sparked discussions among consumers and industry experts alike, as they weigh the pros and cons of each headset and consider their purchasing decisions.

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