Meta Platforms META is benefiting from its continued push to broaden its virtual reality (VR) portfolio and strengthen the ecosystem around Reality Labs. In the second quarter of 2026, Reality Labs revenues increased 16% year over year to $431 million, driven by Meta Platforms' continued spending on augmented and virtual reality products. The expanding wearable portfolio is strengthening Meta Platforms' positioning against Apple AAPL and Alphabet GOOGL, which are also investing heavily in AI-enabled wearable devices. Meta Platforms' growing smart-glasses portfolio remains a key catalyst. The company recently unveiled Meta VR Glasses, a roughly 100-gram virtual-reality device designed for entertainment, work and gaming.
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