Friday, Meta announced that it will reduce the costs of its Quest 2 and high-end Quest Pro headsets.

The price of the 256GB Meta Quest 2 will drop from $499.99 to $429.99, while the Meta Quest Pro will drop from $1,499.99 to $999.99.

In 2022, Meta lost $13.7 billion on its Reality Labs unit. This is the business unit responsible for developing the ambitious metaverse technologies of the company. With Quest headset sales, Reality Labs made $727 million in revenue during the fourth quarter of 2022 and $2.16 billion for the entire year, a decrease from $2.27 billion in 2021.

The Meta's Quest Pro headset which according to the company has outward-facing cameras that capture the user's physical environment in full color and enable the overlay of virtual elements like 3D models, drawings and screens, is seen in this undated handout picture.

The Meta Quest Pro was released in October, but its exorbitant price made it inaccessible to the majority of users. In addition, there appeared to be no obvious professional application. The cheaper price may increase its appeal to both audiences.

The company stated in a press release, “Our objective has always been to develop affordable gear so as many people as possible can take benefit of all that VR has to offer.” The pricing hike for the Meta Quest 2 will take effect on March 5.

On March 5, purchasers in the United States and Canada will likewise see the Quest Pro’s revised price. On March 15, its price will decrease throughout the rest of the world.

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