Comment by philistine
7 days ago
I disagree that they're on track to make it. Their platform, Quest VR, has sold around 20 million headsets. Any company would be over the moon but we're talking Facebook here. They need way more users than that, which can only be achieved with explosive growth.
So maybe they're growing fast? Nope. Their better selling product, at 14 million of those 20 million is the Quest 2 which has been discontinued for 9 months. Doesn't sound like explosive growth to me when your best selling product is not your current product.
The quest 2 was considerably cheaper, I believe it sold at a loss initially, and most of its sales lifetime was during a pandemic. It's hard to directly compare the two.