Meta's Reality Labs division is shifting focus from VR to wearables, despite continued development of future VR headsets. The company confirmed a significant reduction in VR investment this year, while increasing spending on wearables like smart glasses. This strategic pivot follows substantial losses in Reality Labs, with a projected peak in 2026 before expected declines.
source https://timesofindia.indiatimes.com/technology/tech-news/after-laying-off-1500-people-losing-88-billion-meta-cfo-susan-li-tells-analyst-where-the-reality-labs-division-will-focus-on/articleshow/127863441.cms
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