Meta Unveils $300 Quest 3S Headset and More at Connect Event—What You Need To Know

Meta Platforms (META) announced a number of caller products connected nan first time of its yearly Connect convention Wednesday, pinch CEO Mark Zuckerberg unveiling a lower-cost type of nan company's Quest virtual reality (VR) headsets, on pinch artificial intelligence (AI) updates.

Preorders for nan Meta Quest 3S unfastened Wednesday, and will motorboat Oct. 15 astatine $299.99, Zuckerberg announced, on pinch a $399.99 type pinch much storage. Meta's Quest 3, which was announced astatine past year's Connect event, still retails for $499.99.

The lower-cost exemplary of Meta's VR headset was rumored heading into nan event, arsenic reports indicated that lackluster income for Apple's (AAPL) astir $3,500 Vision Pro led Meta to shelve making much costly Quest models successful favour of a much accessible option.

CEO Mark Zuckerberg besides revealed Meta's "Orion" augmented reality glasses astatine nan event, arsenic good arsenic updated AI features for illustration unrecorded translator for Meta's Ray-Ban smart glasses, personage voices for Meta's AI assistant, and more.

Shares of Meta were up 1.5% astatine $572 successful day trading Wednesday and person gained complete 61% since nan commencement of nan year.

UPDATE—Sept. 25, 2024: This article has been updated to bespeak much caller stock value information.