After weeks of leaks, the Meta Quest 3 virtual reality headset has been officially announced. Meta says that the Quest 3 headset will begin shipping out this fall and that the new hardware features higher resolution, stronger performance, and a slimmer design. The price for the 128GB version of the headset will start at $500 and more details will be shared at Meta Connect on September 27.

Meta says that the Quest 3 has its highest resolution display yet, and pancake optics are used to increase the quality of images. A next-generation Snapdragon chipset powers the gear and Meta claims that it delivers more than twice the graphical performance as the previous generation Snapdragon GPU inside of the Quest 2.

The controllers have also received a redesign and have dropped the outer tracking rings. Hand tracking will be supported out of the box and the controllers have new haptic feedback features.