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  • Meta cancels plans for high-end mixed-reality headset, the Information reports
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Meta cancels plans for high-end mixed-reality headset, the Information reports

Stock Focus Report August 23, 2024
2024-08-23T153237Z_3_LYNXMPEK7M0LT_RTROPTP_4_META-PLATFORMS-VIRTUAL-REALITY

(Reuters) -Meta Platforms has canceled plans for a premium mixed-reality headset intended to compete with Apple’s Vision Pro, the Information reported on Friday, citing two Meta employees.

Meta did not immediately respond to a Reuters request for comment.

The company told employees at its Reality Labs division to stop work on the device this week after a product review meeting, according to the report.

The axed device was internally code-named La Jolla and was scheduled for release in 2027, the report said. It was going to contain ultrahigh-resolution screens known as micro OLEDs — the same display technology used in Vision Pros.

(Reporting by Yuvraj Malik in Bengaluru; Editing by Shilpi Majumdar)

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