Meta canceled La Jolla mixed-reality headset project amidst Reality Labs' financial losses.

Meta has canceled its plans for a premium mixed-reality headset, codenamed La Jolla, that was set to compete with Apple's $3,500 Vision Pro. The decision was made after a product-review meeting that included Meta CEO Mark Zuckerberg, who remains optimistic about the future of augmented and virtual reality technologies. Meta's Reality Labs division, responsible for the Quest line of headsets, has faced significant financial losses.

August 23, 2024
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