Meta Cancels High-End Headset to Compete with Apple's Vision Pro

"Meta Cancels High-End Headset to Compete with Apple's Vision Pro"

"Meta cancels plans for a high-end mixed reality headset that was set to rival Apple's Vision Pro device."

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"The cancelled headset, code-named La Jolla, was initially planned for release in 2027."

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"The high-end device was rumored to feature ultrahigh-resolution micro OLED screens like Apple’s Vision Pro."

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"Meta's Reality Labs division was instructed to halt work on the La Jolla headset project."

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"Meta's Reality Labs reported a $4.5 billion loss in Q2 2024, adding to its ongoing financial struggles."

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"Despite the losses, Reality Labs saw a 28% YoY revenue increase in Q2, totaling $353 million."

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"CEO Mark Zuckerberg highlighted AI's growing role, reshaping Meta's metaverse and product timelines."

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"Meta’s strategic shift shows the company focusing more on AI advancements than on high-end AR devices."

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