Meta Announces $500 Quest 3 Headset Just Ahead of Apple Launch

Meta Platforms Inc. announced the latest version of its Quest mixed-reality headset, a lower-cost alternative to the long-awaited device that Apple Inc. is expected to unveil in a few days.

The new Meta Quest 3 will cost $500 and ship in the fall, the company said in a blog post Thursday. Meta, which also owns Facebook and Instagram, said it will continue to sell the Quest 2 model at a lower price, $300, to help “even more people access the magic of VR.”