A new “Meta Quest 3 Lite” should be in the works. Here’s everything we know.

Meta may soon release a budget version of the Meta Quest 3, potentially called Meta Quest 3 Lite or Quest 3s (with a seemingly intentional lowercase s). This is according to leaks from @Lunayian on Twitter This suggests that this new VR headset will offer many of the features of the Quest 3 at a lower price.

Apparently this new, lighter Quest will be a mix of the Quest 3’s specs and the more economical design of the Quest 2, intended to replace the device is almost 4 years old. The company has remained tight-lipped on any news on the matter since Meta Quest 3’s initial release in October. We can expect to learn more during the tech giant’s Meta Quest Gaming Showcase on June 1.

Here’s everything we know so far:

Price of Meta Quest 3 Lite

Rumors say that the Quest Lite is supposed to be a more powerful Quest 2, so you can expect a lower price than the flagship Quest 3. Although it’s unclear how much it will be reduced, TechRadar speculates that it will likely cost between $299 and $399 – positioned between the Quest 2’s initial launch price and the Quest 3’s current $499 price.

Meta Quest 3 Lite release date

Although no official release date has been announced, industry insiders believe that Meta Quest 3 Lite could be revealed during the June Meta Games Showcase. Given the timing of recent leaks, an announcement and subsequent release in the coming months seems plausible.

Meta Quest 3 Lite Specifications

The Quest 3 Lite will reportedly feature the Qualcomm Snapdragon

The tweet may have been deleted

Other downgrades include a Fresnel lens system – meaning the possibility of concentric rings visible during use – instead of pancake lenses, and simplified eye distance adjustments with only three set positions. Despite these compromises, the new headset will retain the advanced controllers without a tracking ring and dual 4MP RGB passthrough cameras for full-color mixed reality.