The report added that the headset is expected to debut by the end of 2022.
The year 2023 is forecast to see 18.8 million AR/VR device shipments, riding on the Metaverse momentum.
Horizon Worlds was rolled out to Oculus Quest VR headset users in the US and Canada in early December.
The company filed 10 applications with the US Patent and Trademark Office earlier this month for the McDonald's brand and McCafe
The AR/VR headset is reportedly expected to run a new operating system, previously referred to as "rOS", which stands for Reality Operating System
The company's head of metaverse, Vishal Shah, cited opportunities for brands around digital goods and immersive shopping
Of the more than 3,000 open jobs listed on Meta's website, more than 24 percent are now for roles in augmented or virtual reality
Microsoft on Wednesday announced that its mixed reality headset HoloLens 2 is now available in India.
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Apple is working on the most advanced chips for its unannounced AR/VR headset and now a new report has claimed that the headset could be in customers hands sooner rather than later.
The future of digital technology will be three-dimensional, with virtual reality and augmented reality serving as building blocks, reports Neha Alawadhi
Meta (formerly Facebook) is aware that virtual reality can be a "toxic environment" especially for women and minorities, and Metaverse would be an "existential threat" to Facebook
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The hybrid work format has speeded up the use of intelligent virtual assistants, for customer-facing roles as well as internal enterprise management functions
The metaverse is yet to become a reality but many industry leaders are obsessed with the idea
A metaverse could change how we see technology. It is likely to be a virtual world connecting work, play, meetings, and more
Disney knows it has to devise a new generation of spectacular attractions rooted in technology if it wants to continue to vacuum up family vacation dollars
Facebook on Thursday announced that it is launching the open beta of Horizon Workrooms, available for free to download on virtual reality (VR) system Oculus Quest 2 in countries where it is supported