Magic Leap’s next-generation headset is reportedly ‘years away from launch’
1Reported today on The Verge
For the full article visit: https://www.theverge.com/2019/12/6/20998796/magic-leap-two-ar-headset-prototype-layoffs-low-sales-sundar-pichai-board
Reported today in The Verge.
Magic Leap's next-generation headset is reportedly 'years away from launch'
Magic Leap's sales numbers reportedly haven't matched CEO Rony Abovitz's high expectations - and a second-generation headset could be years away from release. The Information has published a sobering update on the much-hyped augmented reality company, which released its first product last year. According to former employees and people close to the company, Magic Leap had sold around 6,000 Magic Leap One headsets six months after release, compared to a goal of 100,000.
The company is apparently prototyping a Magic Leap Two headset with 5G connectivity, a wider field of view, and smaller and lighter hardware with multiple color options. But the project is reportedly hampered by "fundamental technology constraints," and Magic Leap is more likely to release a near-term update with only slight changes.
Meanwhile, The Information reports that two high-profile board members left quietly in 2018: Google CEO Sundar Pichai and former Qualcomm executive chairman Paul Jacobs. Both cases involved extenuating circumstances, though. Jacobs had been abruptly removed from Qualcomm's board after trying to organize a buyout, and Pichai's schedule was reportedly too busy, which makes sense given his expanding role at Google's parent company Alphabet. Pichai was also replaced by another Google executive, Jennifer Fitzpatrick, so the company itself hasn't ditched Magic Leap.
But Magic Leap has also reportedly laid off dozens of employees in the past weeks. Last month, Business Insider reported that two executives, CFO Scott Henry and SVP of creative strategy John Gaeta, had left the company. Documents revealed that the company signed over nearly 2,000 patents as collateral to JPMorgan Ch