Both. But the Meta Quest(s) in their various guises have still been the best selling VR hardware in the time span which they existed. Instead, this is the tacit admission from Zuck Zuck that we’ve all been waiting for, which is that his plan to dominate the VR market by burning absurd amounts of cash and moving hardware at a loss to squeeze out other competitors did not work. The overwhelming response (among nerds, anyway) to the Steam Frame is likely to have had something to do with this.