Facebook (NASDAQ:FB) is ramping up the production of its Oculus VR headsets by up to 50% this year, according to the Nikkei Asian Review, with a target of two million devices. That's an ambitious goal, since Facebook's newest headset, the stand-alone Oculus Quest, only hit 705,000 shipments last year, according to SuperData.
Facebook remains the market leader in VR headsets with a 35% share, according to TrendForce, and the Nikkei report implies it will double down on the growing market with new headsets.
See the full story with stats here: https://www.fool.com/investing/2020/07/17/facebook-plans-to-extend-its-lead-in-the-virtual-r.aspx