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“Later this year, we’re going to launch our next generation consumer headset, which will feature Meta Reality as well,” CEO Mark Zuckerberg told investors in an earnings call earlier today.
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Given Quest 2 is the current consumer headset, Zuckerberg was almost certainly referring to Quest 3.
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Meta Reality is the name Meta uses for the real-world color passthrough technology first introduced in Quest Pro.
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The headset uses two black and white cameras to create a 3D point cloud that is sparse and then reprojects the camera's view to reflect the depth of the point cloud.
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Then the color is added on top of the high-resolution central camera for color.
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Meta revealed in October that Quest 3 will launch in late 2023. Zuckerberg says it will be “in the price range of $300, $400, or $500, that zone”.