Meta plans price hike for its virtual reality devices, internal memo shows

Meta is planning to raise prices for its virtual reality devices, executives said in an internal memo seen by Business Insider. Metaverse leaders Gabriel Aul and Ryan Cairns told employees that the company must "make a shift" in its business model to ensure long-term sustainability. This will include measures such as price increases, accounting for new costs like tariffs, and extending the replacement cycle of its in-market devices, per the memo."Our devices will be more premium in price going forward, but ...