Metaverse fails to meet expectations as VR headset sales shrink in 2022

Apple set to shake up VR landscape with mixed reality headset

Apple is reportedly preparing to launch a VR headset with mixed reality capabilities, which is expected to be a precursor to the highly-anticipated Apple Glass. The headset is expected to be similar to a typical VR headset but will feature external cameras and sensors that enable body tracking and the incorporation of real-world elements in a virtual space. It is also rumored to offer an “optical see-through AR experience,” allowing users to see through the headset and experience augmented reality. While the headset is expected to be priced at over $1,000 and potentially several thousand, it is reportedly not intended to be a replacement for real life but rather a device for short trips into VR for communication, content viewing, and gaming.

What does the future hold for VR?

According to CCS Insight, 2023 is expected to be another “slow year” for the VR market. With consumer budgets tightening, non-essential purchases like VR headsets are likely to be put on the back burner. For now, it remains a niche and expensive hobby for many, with no clear path to widespread adoption of affordable VR headsets and successful VR franchises. While some proponents of the metaverse tout the benefits of total immersion, it remains unclear if there is a strong demand or need for this type of technology. Classic video game immersion, achieved through open-ended multiplayer games and single-player experiences, seems to be sufficient for many within the video game culture.