Facebook’s VR See Significant Revenue and How NIO Stands Today 💰
Facebook’s VR See Significant Revenue and How NIO Stands Today
Facebook is a multibillion-dollar blue-chip tech stock and is a company that allows users, who sign-up for free profiles, to connect with friends, work colleagues, or people they don’t know online. It allows users to share pictures, music, videos, articles, and their thoughts and opinions with however many people they like. Since 2003 when it was founded, Facebook has grown into one of the largest companies in the world.
In the past few years, Facebook has launched new verticals in technology, one of these being virtual reality and entertainment. Their premier product came after the company purchased another smaller company specializing in VR called Oculus. Facebook took the company and made headset much more affordable than what they were in the past. This came with the launch of the Oculus Quest headset, and last fall, the Quest 2 headset started at a modest $300. Facebook has sold between 5 and 6 million VR units or $8B to date, making up around 3% of Facebook revenue.
NIO is a Chinese multinational automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles. The company is also involved in the FIA Formula E Championship, although NIO has ended funding the team after selling to Lisheng Racing. Nio is one of the largest companies in the EV space and is often called the Tesla of China.
NIO has an Earnings-Per-Share (EPS) Rating of 50/99 and has had an immense climb before the chip shortage halted the breaks. In fact, back in May, Nio’s EV sales leaped 95% year over year but fell almost 6% month over month since then. This quarter, however, a rebound may be real as sales have come back in June and forecasted for 21,000-22,000 EV deliveries.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.