Metaverse – Virtual Reality (VR), Extended Reality (XR) and Immersive Video News

AR/VR headsets surged during Holiday Season 2023
Mar 5, 2024 – The global market for augmented reality and virtual reality (AR/VR) headsets grew 130.4% year-over-year during the fourth quarter of 2023 (4Q23), according to IDC.
News categories: IDC, Jitesh Ubrani, Ramon T. Llamas, Market Research, Metaverse, Worldwide

LG and Meta join forces on XR device development
Feb 28, 2024 – LG is ramping up its collaboration with Meta. LG envisions that by bringing together Meta's platform with capabilities from its TV business, a distinctive ecosystem can be forged in the XR domain.
News categories: LG Electronics, Meta Platforms, William Cho, Park Hyoung-sei, Mark Zuckerberg, Digital TV, Metaverse, Worldwide

Accedo offers end-to-end XR solution for pay TV operators
Feb 26, 2024 – Accedo has announced the development of an end-to-end XR offering for Pay TV operators built on a Snapdragon-based reference platform for XR distributed computing designed by Qualcomm.
News categories: Accedo, Qualcomm, Michael Lantz, Sahil Bansal, Digital TV, Metaverse, MWC24, Streaming, Worldwide

Apple previews entertainment experiences on Apple Vision Pro
Jan 16, 2024 – Apple has announced entertainment experiences for its Apple Vision Pro. Vision Pro enables users to watch new shows and films from streaming services including Apple TV+ and Disney+.
News categories: Apple, Disney, Greg Joswiak, Bob Iger, Digital TV, Metaverse, Streaming, Worldwide

CTA: US tech industry revenue to rise 2.8% in 2024
Jan 4, 2024 – Leading into CES 2024, the Consumer Technology Association projects retail revenues for the U.S. consumer technology industry will grow 2.8% in 2024 to $512 billion (up $14 billion from 2023).
News categories: Consumer Technology Association, Richard Kowalski, Gary Shapiro, CES2024, Digital TV, Gaming, Market Research, Metaverse, Streaming, USA

AR/VR headset market forecast to decline 8.3% in 2023
Dec 20, 2023 – Worldwide shipments of AR/VR headsets are expected to decline 8.3% year over year to 8.1 million units in 2023, despite the launch of new headsets during the year, according to IDC.
News categories: IDC, Jitesh Ubrani, Ramon T. Llamas, Digital TV, Market Research, Metaverse, Worldwide

Another slow year expected for AR/VR headsets
Sep 19, 2023 – Worldwide augmented reality and virtual reality (AR/VR) headset shipments declined for the fourth quarter in a row as volumes fell 44.6% YoY during the second quarter of 2023, according to IDC.
News categories: IDC, Jitesh Ubrani, Ramon T. Llamas, Market Research, Metaverse, Worldwide

Rokid shows portable Android TV device for AR glasses at IBC
Sep 15, 2023 – Rokid has showcased its Rokid Station Android TV device at IBC 2023. Developed with HiMedia, the Rokid Station works with AR glasses to enable portable cinematic experiences anytime, anywhere.
News categories: Rokid, Hui Du, Android TV, Digital TV, IBC2023, Metaverse, Streaming, Worldwide

True and ZTE launch joint innovation centre in Thailand
Jul 5, 2023 – ZTE (0763.HK/000063.SZ) and True have launched the True & ZTE Innovation Center. The centre will explore the latest communication technologies as well as smart homes and smart living.
News categories: ZTE, True Corp, Li Zixue, Manat Manavutiveth, 5G, Digital TV, Metaverse, Smart Home, Thailand