Malitha Goonaratne

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XR and MEP (Q2 2023 Insight)

XR and MEP (2Q 2023) Hero Image

XR and MEP (Q2 2023): Apple's Vision Pro fuels XR's cautious comeback as metaverse plummets

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        The short- to medium-term outlook for the XR industry remains neutral. An increase in funding, the announcement of Meta's Quest 3 headset and Apple Vision could maintain investor interest and industry funding. 
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        The short- to medium-term outlook for the MEP industry is negative. Funding significantly slowed down alongside Big Tech&rsquo;s focus on generative AI; the industry outlook likely being subdued
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        The short- to medium-term outlook for the XR industry is neutral. 
        Lower funding could be offset by Metas' Quest 3, Apple's MR headset, and no-code AI tools.
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        The short- to medium-term outlook for the MEP industry is somewhat negative. 
        Reduced funding, due to the crypto slowdown and Covid-19 lockdown easing, coupled with Big Tech's AI emphasis over the metaverse, could dampen sector activity.
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EDGE Insights

XR and MEP (Q2 2023): Apple's Vision Pro fuels XR's cautious comeback as metaverse plummets

XR and MEP (Q1 2023): From virtual promise to metaverse hesitation

XR and MEP (Q2 2023): Apple's Vision Pro fuels XR's cautious comeback as metaverse plummets

Key takeaways

Extended Reality (XR)

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