Meta's Reality Labs division reported a 6% year-on-year fall in revenue for the first quarter to 412 million US dollars, as lower sales of Meta Quest VR headsets were only partially offset by increased sales of Ray-Ban Meta AI glasses. Reality Labs' operating loss was 4.2 billion dollars.
Still Mark Zuckerberg, CEO of Meta, said that sales of Ray-Ban Meta AI glasses have tripled in the last year. "We've got some exciting new launches with our partner EssilorLuxottica later this year as well that should expand that category and add some new technological capabilities to the glasses," he added.
Zuckerberg went on to note that "more than a billion people worldwide wear glasses today, and it seems highly likely that these will become AI glasses over the next 5 to 10 years....We’re seeing very strong traction with Ray-Ban Meta AI glasses, with over 4x as many monthly actives as a year ago, and the number of people using voice commands is growing even faster as people use it to answer questions and control their glasses. This month, we fully rolled out live translations on Ray-Ban Meta AI glasses to all markets for English, French, Italian, and Spanish. Now, when you are speaking to someone in one of these languages, you’ll hear what they say in your preferred language through the glasses in real time." Source: Meta earnings transcript
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