tl;dr
Meta Platforms (NASDAQ:META) announced that it will license the operating system for its Quest headsets to other device makers, positioning itself as an open alternative to Apple's (AAPL) Vision Pro. In a video on Meta boss Mark Zuckerberg's Instagram account, he highlighted the difference between A...
Meta Platforms (NASDAQ:META) announced that it will license the operating system for its Quest headsets to other device makers, positioning itself as an open alternative to Apple's (AAPL) Vision Pro. In a video on Meta boss Mark Zuckerberg's Instagram account, he highlighted the difference between Apple's closed model for smartphones and the open model for PCs. Hardware makers like Asus (OTCPK:ASUUY) and Lenovo (OTCPK:LNVGY) will produce devices running Meta Horizon OS. The company is also collaborating with Microsoft's (MSFT) Xbox to develop a limited-run gaming-focused Quest headset. ASUS’ Republic of Gamers will develop a gaming headset, while Lenovo will build mixed reality devices for productivity, learning, and entertainment. It may take a few years for the devices to launch, according to Zuckerberg. Meta will also promote alternative app stores on Horizon OS, making its experimental App Lab store more prominent, and has invited Alphabet's (GOOG) (GOOGL) Google to bring its Play Store to Horizon OS. Virtual reality and mixed reality headsets have seen limited success, primarily within the gaming community. Apple entered the market in February with the launch of its $3,499 Vision Pro headset. Microsoft also attempted, albeit unsuccessfully, to position Windows as an operating system for VR headsets through its Windows Mixed Reality initiative.
More about Meta Platforms Inc.
Meta Platforms Inc. - Stock Analysis Summary Meta Platforms Inc. - Stock Analysis Summary
Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, PCs, virtual reality headsets, wearables and home devices around the world. The company is headquartered in Menlo Park, California.
Sector: Technology
Industry: Services-Computer Programming, Data Processing, etc.
Market Cap: $1,220,248,470,000
Current Price: $32.37
Dividend Yield: 0%
52-Week Low: $14.86
52-Week High: $52.41
Price/Earnings Ratio: 0.29
Volume: 134,901,998,000
Market Capitalization: $531.54
Price/Book: 2.002
Beta (3Y Monthly): 0.247
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company known for its production of computer software, consumer electronics, and personal computers. It offers services and is best known for its Microsoft Windows operating systems, Microsoft Office suite, Internet Explorer, Edge web browsers, Xbox video game consoles, and Microsoft Surface lineup of touchscreen personal computers.
In the 2020 Fortune 500 rankings, Microsoft ranked No. 21 in terms of total revenue. As of 2016, it was the world's largest software maker by revenue. It is considered one of the Big Five companies in the U.S. information technology industry, alongside Google, Apple, Amazon, and Facebook.
Industry: Technology
Sector: Services-Prepackaged Software
Market Cap: 296.56 billion
Current Price: $36.09
Change: $2.86 ( 11.06%)
Prev Close: $30.61
PE Ratio: 0.363
Volume: 227,583,001
Earnings Date: $462.44
Dividend Yield: 0.332
Beta: 0.176
More about Alphabet Inc Class C
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet.
Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Sector: TECHNOLOGY
Industry: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap: $1,925,259,723,000
P/E Ratio: 26.89
Dividend Yield: None
EPS: 5.79
52-Week High: $1,024.34
52-Week Low: $0.24
Volume: 307,393,987,000
Market Cap: $1,925,259,723,000
Beta (5Y Monthly): 0.56
PE Ratio (TTM): 0.135
More about Alphabet Inc Class A
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Sector: TECHNOLOGY
Industry: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap: $1,924,861,395,000
P/E Ratio: 26.61
Dividend Yield: None
EPS: 5.79
52-Week High: $24.34
52-Week Low: $0.24
Volume: 307,393,987,000
Market Cap: $166.24
Beta: 0.56
PE Ratio: 0.135
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