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Meta Platforms: Magic Leap Ahead

Jun. 21, 2023 8:01 PM ETMeta Platforms, Inc. (META)AAPL8 Comments

Summary

  • Meta Platforms continues to execute on an AR/VR device roadmap, while Apple still promises a future headset release.
  • The social media company is working on a promising partnership with Magic Leap to bring true AR glasses to the market.
  • The stock is still cheap at only 14x normalized '25 EPS targets.
  • Looking for a helping hand in the market? Members of Out Fox The Street get exclusive ideas and guidance to navigate any climate. Learn More »

Meta European head office

Derick Hudson

After a massive rally, Meta Platforms (NASDAQ:META) shareholders have made the easy money now. The Quest 3 launch continues to offer a promising product to lead the mixed reality landscape, especially after Apple (

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Comments (8)

G
Lots of iPad Pro sales at price points
of $2500, so an xtra 1K for initial VP not too much of a stretch. Meta playing checkers, Apple playing chess.
Nanu1164 profile picture
Nanu1164
Yesterday, 9:48 PM
Having been involved in this field for more than ten years, primarily in a technical capacity, I wholeheartedly concur with the observations.. In the past, Magic Leap had a bad reputation for dishonesty. However, thanks to the investment of Saudi Arabian backers, the company has taken steps to improve its credibility, including hiring a new CEO and revamping its product lines.g hiring a new CEO and revamping its product lines.. Still, Meta needs to be extra careful.
D
Still the greatest cash machine ever invented
InvestInMETA profile picture
@DhandhoKlarman28 your mouth to god's ears
Elopsson profile picture
Customers will fork over 3K for the Apple vision, pro
Invest and Earn profile picture
@Elopsson vision pro lifetime sales target is a meager 150,000 units. Are you one of them?
A
Long meta
B
Blowback2
Yesterday, 8:14 PM
Apple: eye control and nothing to hold in ones hands. I'll wait for next/lower price iteration of the Vision. Also: most the software is already there (ports of iPad software). Own stock in both companies .
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