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A comment on Meta earnings presentation Q1 2022 [pdf]. Parent comment

Re:Meta earnings presentation Q1 2022 [pdf] by IfOnlyYouKnew on Wednesday April 27, 2022 @05:38PM (#31186139)
It's beating the estimate by less than $20 million, or about 7 %, at a level where it's a rounding error anyway.

Google says Apple AirPods are responsible for $23 billion in revenue, or 23x Reality Labs. It's running laps around Meta, in reality.

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Re:Meta earnings presentation Q1 2022 [pdf] by ceeplusplus on Wednesday April 27, 2022 @06:05PM (#31186398)
Headphones are a well established market with pretty much no growth upside. Apple captures share from incumbents. RL is building out an entirely new market.
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