Alexander made it evident that he believes Meta's Quest is good for people who are "price sensitive" and simply want to dip a toe in the highly-talked-about world of augmented and virtual reality.
Meta, led by Mark Zuckerberg, is reportedly planning to lay off employees in its metaverse-oriented silicon unit, Reality Labs, with the announcement expected on Wednesday.
ARK Invest challenges the readiness of current AR/VR technology, including Apple and Meta's offerings, asserting that they fall short of capturing mass adoption.