Meta Says 124 Oculus Quest Apps Have Earned More Than $1M

At GDC final month, Meta shared the clearest look but on the variety of apps reaching numerous income milestones on the Quest platform. To date, 124 apps have earned $1 million in income or extra, whereas eight have exceeded $20 million.

In February Meta stated the overall amount of cash spent on the Quest retailer had surpassed $1 billion, displaying simply how a lot spending on the marketplace has grown because the launch of Quest 2.

Final month at GDC, Meta’s Director of Content material Ecosystem, Chris Pruett, shared the clearest look but at what number of apps are seeing materials success on the Quest retailer during the last 12 months. Lining up the info with some beforehand shared figures provides us an attention-grabbing take a look at how the Quest retailer is progressing over time.

First, listed below are the numbers Pruett shared at GDC, which embrace information as much as February 2022.

Meta Says 124 Oculus Quest Apps Have Earned Extra Than $1M 10

An essential not right here is that these income buckets are unique, that means 35 of the apps have exceeded $1 million however not exceeded $2 million (and so forth). In complete, 124 apps have exceeded the $1 million mark.

Quest Apps Reaching Income Milestones Over Time

Lining up the info with the identical figures shared by Meta beforehand provides us an thought of how issues are trending over time. First is a naive take a look at the info factors side-by-side:

Meta Says 124 Oculus Quest Apps Have Earned Extra Than $1M 11However this doesn’t account for the time between information factors, nor variations in seasonal gross sales quantity. With some interpolation we are able to account for time and seasonal variations by taking a look at a yearly common of all apps exceeding $1 million in income.

Meta Says 124 Oculus Quest Apps Have Earned Extra Than $1M 12

Of our three charts up to now, that is essentially the most normalized method to take a look at the info. The chart above tells us what number of apps are reaching the $1 million milestone every year, on common. The quantity is rising total, which is an efficient signal, although the speed of the rise is slowing.

One variable that would considerably influence how we perceive this information is that fee at which apps are being allowed into the shop (since Meta hand-picks which apps do and don’t go on the Quest retailer). The variety of apps within the retailer has been rising at a surprisingly linear fee, so we are able to say it possible isn’t having a lot of an influence on the chart above.

Meta Says 124 Oculus Quest Apps Have Earned Extra Than $1M 13Granted, a lot of Quest’s early apps have been beforehand profitable VR video games that have been ported to the headset, which makes their success extra assured than the rising variety of model new VR apps which have launched because the platform has aged. This might account for the slowing fee of apps reaching $1 million every year on Quest.

Proceed on Web page 2: Quest Retailer Income Distribution, Prime Incomes Apps »

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