As reported by InvestingPro Tips, Qualcomm, a major participant in the Semiconductors & Semiconductor equipment sector, on Friday unveiled its cutting-edge Augmented Reality (AR) and Virtual Reality (VR) platforms, Snapdragon XR Gen 2 and AR1 Gen 1. The development of these new chipsets will pave the way for a significant change in the AR/VR sector by offering improved visuals, greater audio quality, and effective on-device AI processing for AR glasses and headsets.
Due to its enhanced performance over its predecessor, the Snapdragon XR Gen 2 platform stands out in particular. It has dual 3K screens, the most recent Spectra ISP, support for up to 10 cameras and sensors, 2.5 times higher GPU performance, and an 8 times increase in AI capabilities.
The increased demand for high-quality VR and mixed reality experiences is being met by this chipset. Data from InvestingPro show that Qualcomm has a solid financial performance as evidenced by its market value (adjusted) of 123.86B USD and P/E ratio of 14.4.
The Snapdragon AR1 Gen 1 platform, on the other hand, is designed primarily for thin smart glasses with mixed reality capabilities. It supports up to 12MP cameras and eight microphones, making it possible to capture and stream video directly from the glasses. It also makes visual searches and in-person translation easier.
According to InvestingPro Tips, these cutting-edge platforms were created in close cooperation with Meta, a well-known participant in the Interactive Media & Services sector, and are anticipated to make their debut on Meta devices later this year. The Snapdragon XR2 Gen 2 Platform will power the Meta Quest 3, while the Snapdragon AR1 Platform will power the Ray-Ban Meta smart glasses. According to data from InvestingPro, Meta has a market value of staggering 772.39B USD and a 1-year price total return of 122.83%.
Beginning in 2024, additional Original Equipment Manufacturers (OEMs) will have the opportunity to create their own devices employing these processors thanks to the advent of these platforms. This occurs at a time when the popularity of AR/VR is predicted to soar as a result of the release of Apple’s (NASDAQ:AAPL) Vision Pro.
According to InvestingPro Tips, Qualcomm has generated profits over the past 12 months and generates a high return on investment, thereby enhancing its commanding position in the industry.
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