In Q2, Meta Platform’s (NASDAQ: META) advertising business showed the market everything it wanted to see. However, Meta’s Reality Labs segment continues to be an eyesore. Despite losing more than $18 billion over the last 12 months, Mark Zuckerberg sees unbridled upside in this part of the business.
Below, we’ll dive into what the Magnificent Seven company may see as the ultimate goal for Reality Labs: AI glasses replacing smartphones. We’ll examine the potential size of this opportunity and how Apple's (NASDAQ: AAPL) relative lack of research and development could help Meta in this venture.
