Facebook (NASDAQ: FB) is ramping up the production of its Oculus VR headsets by up to 50% this year, according to the Nikkei Asian Review, with a target of two million devices. That's an ambitious goal, since Facebook's newest headset, the stand-alone Oculus Quest, only hit 705,000 shipments last year, according to SuperData.
Facebook remains the market leader in VR headsets with a 35% share, according to TrendForce, and the Nikkei report implies it will double down on the growing market with new headsets. Let's dig deeper into those plans, and whether or not they'll expand Facebook's ecosystem and diversify its core business away from online ads.
Image source: Oculus VR.