Meta boosting price of Quest VR headsets by $100, citing rising costs
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Meta Platforms (NASDAQ:META) has boosted the price of its Quest 2 virtual reality headsets by about $100 - bowing to increasing production costs and putting an end to what many considered a VR bargain.
"In order to continue investing in moving the VR industry forward for the long term, we are adjusting the price of Meta Quest 2 headsets," Meta's (META) VR unit said, in a company blog post. 
With the price hike, the Quest 2 headsets will cost $399.00 for the 128 gigabyte model, and $499.99 for the 256 gigabyte model starting on August 1.
The Quest 2 has received positive marks in the world of stand-alone headsets--those that don't require the additional processing power of a wire-connected PC or game console--and priced at an entry-level $299.99, they presented a strong entry-level option for those consumers exploring virtual reality at home.
"VR's momentum is undeniable," Meta said. "At the same time, the costs to make and ship our products have been on the rise. By adjusting the price of Quest 2, we can continue to grow our investment in groundbreaking research and new product development that pushes the VR industry to new heights."
It's still on track for an ambitious release roadmap, the company says: The high-end "Project Cambria" headset is launching later this year, followed by new generations of Meta Quest.
Elsewhere at Meta (META), Instagram chief Adam Mosseri stuck up for the platform's shift to video amid some grumbling by users high profile and otherwise.