Facebook reported fiscal 4Q19 revenues of $21.1 billion, up 25% year-over-year and narrowly beat the $21.08 billion consensus estimate. Payments & Other Fees revenue, which includes sales of Oculus Quest and Rift S, were $346 million for the quarter, up 26% year-over-year.
This week, Oculus quietly eliminated Oculus Go from its lineup of offerings on Oculus for Business, the company’s portal for unified VR hardware and software solutions for enterprise clients. The move follows an apparent liquidation of stock as consumer MSRP for the device was permanently cut by $50. According to the company, “it’s clear that Oculus Quest, with its high-end … Read More
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