Meta CEO Mark Zuckerberg teased his company's latest virtual reality headset, the Quest 3, on Thursday.
Apple is expected to debut its competing VR headset next week as part of the company's June WWDC event.
The iPhone-maker's consumer headset, which could also incorporate augmented reality technologies, will reportedly work with hundreds of thousands of iPad apps and cost at least $3,000.
Meta continues to be spending heavily in the metaverse, the yet-to-be-developed digital universe that requires virtual reality and augmented reality technologies to access.
Last October, Meta debuted its Quest Pro VR headset intended for businesses as opposed to consumers.
Persons:
Mark Zuckerberg, Zuckerberg, it'll, Meta
Organizations:
Qualcomm, Apple, Labs, Meta, Quest Pro, Research, NPD Group, CNBC, Nvidia
Locations:
U.S