Facebook announced that the Oculus Quest 2 had sold over 10 million units between October 2020 and December 2021—a figure that beat Microsoft’s new Xbox Series S and X console, which released around the same time. However, the device has yet to replace the PC, of course, and Facebook has yet to release an AR device. Still, the bulk of Facebook’s $10 billion–$15 billion in annual Metaverse investments are believed to focus on AR and VR devices.
