Tech Giants Start Getting Real on Augmented Reality – The Wall Street Journal

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https://www.wsj.com/articles/tech-giants-start-getting-real-on-augmented-reality-11655202601
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The deepest pockets of big tech keep learning that augmented reality is a real-world pain. Thinking

a little smaller might pay off bigger.
Take the company once known as Facebook. Less than nine months after going big on the metaverse, the company now known as Meta Platforms is reportedly shelving plans to release commercial AR glasses. That seems part of a broader refocusing of its hardware efforts: A report by The Information late last week has the company also canceling the release of its first planned smartwatch and shifting its Portal video-chat product to a business device. Meta’s Reality Labs segment, which houses its augmented and virtual reality operations, lost nearly $3 billion in the first quarter alone—on less than $700 million in revenue.
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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