Mark Zuckerberg's Bold Mover - How Meta's Pursuit Of Unprecedented Heights Involves A Surprising Swipe At Apple

The Apple Vision Pro, priced at a premium $3,500, is Apple's entry into the high-end VR headset market. On the other hand, Meta Platforms Inc's META Quest 3 is much more affordable at £479. This significant difference in pricing is one of the factors that Zuckerberg pointed out when comparing the two products. He openly praised his Meta Quest 3, claiming that it offers better value and an overall superior product experience compared to the Apple Vision Pro.

Zuckerberg's review shed light on the issues with the Apple Vision Pro's screen brightness and comfortability, which are vital considerations for a seamless VR experience. Moreover, he highlighted the advantages offered by the Meta Quest 3, such as its expansive field of view and vibrant screen.

Meta's stock performance mirrors the market's response to their products, specifically the Quest 3. Despite a challenging period between September 2021 and November 2022, resulting in a 77% decline, the company has made an impressive comeback.

In 2023, Meta's stock witnessed a substantial surge of 188%, and this positive trend has carried into 2024 with a year-to-date increase of 36%. It's worth noting that this month alone contributed to a 23% boost, propelling the stock beyond $400 and towards the $500 psychological resistance level.

Investor confidence in Meta's direction and product offerings is evident in the recent recovery and growth of its stock value. The company's ability to innovate in a highly competitive market is showcased by the turnaround from a 77% decline to a staggering 447% increase from the November 2022 low.

After the closing bell on Friday, February 16, the stock closed at $473.32, trading down by 2.21%.

This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.