'Meta Scales Back Ambitions For AR Glasses' - The Information
Portfolio Pulse from Happy Mohamed
Meta Platforms, formerly Facebook, has scaled back its ambitions for AR glasses. The company's deal with British firm Plessey to develop augmented reality displays has not been successful, with development stalling and issues with brightness and manufacturing defects. Meta has decided to abandon Plessey's microLED tech in favor of an older display technology, liquid crystal on silicon (LCoS). This decision, among others, will reduce the competitive edge that the AR glasses have over existing AR headsets like Microsoft’s HoloLens.
July 19, 2023 | 1:06 pm
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Meta's decision to scale back its AR glasses ambitions due to issues with Plessey's technology could impact its competitive position in the AR market.
Meta's decision to abandon Plessey's microLED tech in favor of an older technology could potentially slow down its progress in the AR market and reduce its competitive edge. This could negatively impact investor sentiment and the company's stock price in the short term.
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