3 Reasons Facebook's Oculus Quest 2 Will Expand Its VR Market

Facebook (NASDAQ: FB) recently introduced the Oculus Quest 2, its third stand-alone virtual reality (VR) headset. The Quest 2 costs $299, $100 less than the original Quest, and will start shipping in 22 countries on Oct. 13.

The Quest 2 sports a higher-resolution screen, a faster processor, and a lighter frame than the original. It can play the same games as the original Quest, as well as PC games via the Oculus Link cable.

Facebook's announcement wasn't surprising, since a Nikkei report in July claimed the tech giant would ramp up its production of Oculus headsets by up to 50% this year with a target of 2 million devices. But the upcoming launch of the Quest 2 could significantly expand Facebook's lead against its rivals in the nascent VR market for three simple reasons.

Source Fool.com