Oculus - statistics & facts

Oculus, Meta, and the metaverse

In October 2021, Facebook announced that it had changed its company name to Meta. The name change, which was announced at the Facebook Connect AR/VR conference, reflects the company’s growing ambitions beyond social media, notably bringing the metaverse to life. Whether it be at work, in an office, going to concerts or sports events, or even trying on clothes, the metaverse provides a space for endless, interconnected virtual communities using VR headsets, augmented reality (AR) glasses, smartphone apps, or other devices.

Facebook and its other apps, such as Messenger, Instagram, and WhatsApp will remain but under the Meta umbrella. Alongside this, there will be a rebranding of some of its VR products to Meta, shifting away from the original brand name of Oculus, with the company also revealing that it would start reporting the financial results of its AR/VR business.

Oculus product range

Oculus's newest product is the Oculus Quest 2 that was launched in October 2020, a standalone VR headset that contains integrated mobile computing hardware and does not require a PC to operate, although optionally a PC can be tethered to the device if necessary. In 2021, Facebook confirmed that it would no longer replenish stock of the Oculus Rift S headset for PCs, with the product unavailable on the Oculus website. The Oculus Rift S joins a list of other discontinued models including the original Oculus Quest and the Oculus Go.

Oculus product history

The Oculus Rift CV1, also known as simply the Oculus Rift, was the first consumer VR model of the Oculus Rift headset, hitting the retail market in late 2016. Before the release of the Oculus Rift, two Oculus Rift development kits, DK1 and DK2, had already been released to encourage the development of games and content. The Oculus Rift was replaced by the Oculus Rift S, released in the second quarter of 2019. The Oculus Rift S could work with the same hardware and software as the original Oculus Rift. Oculus also put to the market two stand-alone VR headsets, namely the Oculus Go and Oculus Quest, the latter going on to become one of the company’s most popular products.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.