Oculus Quest 2 Extra Than Doubled Fb’s This fall Non-Adverts Income
The turnover with “Others” from Facebook in the fourth quarter of 2020 was more than twice as high as in the fourth quarter of 2019. CFO David Wehner explained the increase to investors as “due to strong Christmas sales at Quest 2”.
The company’s non-promotional revenue was $ 885 million in the fourth quarter of 2020, compared to $ 346 million in the fourth quarter of 2019, an increase of 156% Year for year.
Oculus Quest 2 was launched in October with a $ 100 lower starting price, a higher resolution display, and a more powerful processor compared to its predecessor. In the previous earnings call for the third quarter, Zuckerberg claimed pre-orders were five times higher.
“For the past few quarters, I’ve been talking about our long-term future goals for virtual reality. But I think this quarter’s results show that this future is here. “- Mark Zuckerberg
This “Other” category also includes portal hardware sales and various payments. This means that it is not possible to deduce the paragraph from these numbers. The $ 539 million increase, however, suggests significantly higher sales of Oculus headsets than last quarter.
Facebook generated 97% of its total fourth quarter revenue from advertising, but that’s less than 99% in previous quarters.
Zuckerberg told investors that Quest 2 was “one of the hottest Christmas presents this year”. In broad terms, he described Facebook’s AR / VR efforts as “one of the areas I look forward to most as I head into 2021”.