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MagicLeap, the multi-billion dollar AR startup, could be exploring the possibility of a sale, a Bloomberg report maintains, citing people familiar with the matter. The company’s deep pockets funded the release of MagicLeap 1, an AR headset targeted at developers, enterprise, and anyone with $2,300 to spare.
Image by MagicLeap). MagicLeap is on sale. A report on Bloomberg informed us all that MagicLeap is exploring a sale of the company. The sales never skyrocketed and now MagicLeap is in desperate need of cash , after many layoffs, disappointing sales, and having put its IP as collaterals to a bank.
This week has mostly been in the sign of Oculus, with many news and updates from the brand controlled by Facebook. As always, they’re doing a great job not only with the product but also with the communication strategy. Image by MagicLeap). MagicLeap 2 is coming in Q1 2022. Top news of the week.
Image by Oculus). Facebook is working on a new version of the Oculus Quest. According to a report by Bloomberg, Oculus is working on a new Oculus Quest model, and it has already done prototypes that are lighter and more powerful than the current device. Image by MagicLeap). Top news of the week.
MagicLeap is one of the most well-funded startups in history, boasting $2.6 A new report from The Information however alleges that the company has seen sluggish sales of its MagicLeap One AR headset, something that reportedly only sold 6,000 units in the first six months following its August 2018 launch.
To its credit, the company had the foresight to release HoloLens in 2016, a full two years before unicorn startup MagicLeap could get its first standalone AR headset out the door. Three years later it released HoloLens 2, which directly competes today against MagicLeap Two.
In the interview with me, he talked about many topics, like the rumors he heard on Apple Glasses, on the Oculus Quest 2 , the America vs China war, XR entrepreneurship, Tesla, and more! But of course, the technology is still not there: the Oculus Quest is still uncomfortable, we can’t read texts in it, and so on.
Original image by Oculus). Oculus kills the Go and opens to content on Quest. In the end, the time of the Oculus Go has come. Devices like Oculus Quest , Pico Neo 2 , and Vive Focus Plus have proven that 6DOF VR is more interesting and has far more retention. Top news of the week.
The standard has been in development since April 2017 and is presently supported by virtually every major hardware, platform, and engine company in the VR industry, including key AR players like MagicLeap. Oculus says they plan to provide runtime support for apps built for OpenXR on Rift and Quest later this year.
The company offers access to one of the most affordable and flexible VR headsets on the market in the form of the Oculus Quest, allowing all businesses, large or small to explore virtual reality. MagicLeap. The technology also paves the way for better collaboration and creativity when working with specialists on new designs.
The standard has been in development since April 2017 and is presently supported by virtually every major hardware, platform, and engine company in the VR industry, including key AR players like MagicLeap. Oculus has committed to bringing OpenXR runtime support to both Rift and Quest later this year. OpenXR 1.0
But it is very interesting , because it will touch a lot of hot topics, like: Data visualization in XR; MagicLeap; Being a woman working in XR; How is XR in Asia. Today the interview will cover the first two topics: dataviz in VR thanks to BadVR solution and MagicLeap. and many other interesting stuff!
Image by MagicLeap). MagicLeap pivots to enterprise, lays off 1,000 employes. With a long post on MagicLeap’s blog, in the end Rony Abovitz has admitted that the company is not going that well, and has announced a new course, that should eventually lead to MagicLeap 2. Top news of the week.
Relative to enterprise-focused AR headsets like MagicLeap 2 and HoloLens 2, it’s also less expensive due to the inclusion of cheaper and less complicated optics, called ‘birdbath’ optics, which project light from a microdisplay to the eye via what’s essentially a curved see-through mirror (among other things).
He has joined Rony Abovitz at MagicLeap and now he’s there, trying to build the MagicVerse as the SVP of Creative Strategy of the Florida company. And what you are doing at MagicLeap to create these experiences for people? ( MagicLeap glasses.
This may be Apple’s strategy to make people wear something on their head while they wait for a more complex headset. Image by Oculus). Oculus Quest becomes 1 year old, and Facebook makes many announcements. The Oculus Quest is now one year old. Happy birthday, Oculus Quest! We’ll see…. Other relevant news.
Anyway, it is more probable that we’ll have some software reveal that hints at Apple’s XR strategy. There I have tried some interesting devices like Weart haptic gloves, OWO haptic suit, but especially the MagicLeap 2, which I found to be a very well-made piece of hardware! News worth a mention. Image from OpenBCI). Learn more.
I expect the smartglasses from Facebook, first of all, to be Facebook-branded (so, goodbye Oculus), to be very stylish (remember that Luxottica is the leading company for glasses and sunglasses), and to be able to connect to the smartphone without a tether. while we have seen the complicated life of Oculus hands-on booths at Best Buy.
Rumors hint to Oculus discontinuing the current Quest and selling the new one at $299 and $399. The Facebook Connect is close and we all expect that during that conference Oculus is finally going to announce the new Oculus Quest. Facebook is temporarily suspending the sale of Oculus Quest devices in Germany.
MagicLeap has just organized its first developers’ event, dubbed “L.E.A.P.” It is the first event of this kind organized by MagicLeap: we can say that LEAP Con is like the Oculus Connect of MagicLeap and will probably become always more important, year after year, exactly as it has happened to Oculus.
Making an AR headset accessible enough for consumers is a vastly different challenge to producing higher cost enterprise headsets— just ask MagicLeap. Samsung partnered with Oculus (now Meta) back in 2014 to build Gear VR, a snap-in VR smartphone holder that was a generational leap in terms of low-latency mobile VR.
Oculus devices will require a Facebook login. The enormous piece of news of the week is tha t Facebook has communicated that from October, 20th, all people that want to use an Oculus device for personal use will have to use their personal Facebook account to log in. Top news of the week. Image by Tweakanalogy). The same on Twitter.
Oculus Go price cut down to $150. Facebook has permanently cut down the price of the Oculus Go to $150 , the same price that made it sell incredibly well on Amazon during the Cyber Monday. More info (Oculus Go price cut) More info (Xiaomi laying off the team dedicated to Go). MagicLeap and nReal are trying to find an agreement.
Image by MagicLeap). MagicLeap has sold units of its first device for $550. MagicLeap has decided to put on sale its remaining units of the MagicLeap 1, its previous device, for just $550 , which is something like a -75% discount on its standard retail price. News worth a mention.
There was (and still is) quite a good hype for these headsets, exactly as there was hype for what was Oculus Santa Cruz, the codename of the Oculus Quest. MagicLeap flopped, HoloLens is dead, and even Nreal, with its affordable Light glasses, has not taken off. Let me tell you why. That’s a good amount of money.
Road to VR ‘s Michael Glombicki caught up with two VR/AR investors to get their insight into the opportunities available in the immersive technology space and the strategies they’re employing to capitalise on them. With HoloLens and MagicLeap we’ve seen a broadening of the conference to include augmented reality as well.
This offering could be the key to helping the tech giant preserve its market share, as innovators like Apple , Microsoft, and MagicLeap all increase their focus in the business world. Is Meta Quest for Business the Same as Oculus for Business? Back in 2017, Meta introduced “ Oculus for Business ”.
At CES, it continued with this strategy, and it announced a few new games coming for the headset. Further References Razer Quest Accessories (Road To VR) MagicLeap gets medical certification Me wearing MagicLeap 2 glasses MagicLeap announced at CES that its MagicLeap 2 glasses obtained IEC 60601-1 certification.
Where possible, companies are trying to implement a work from home strategy so that employees aren’t all bunched together on a commute or close proximity in an office. Now, MagicLeap has announced a new initiative to aid businesses in this process. Or they can return the entire package with no further fees or obligation.
This business strategy of selling to few people for a high price has completely sense , considering that all the device has been conceived to add all the features that could make it compelling mostly for professionals. Oculus Go showcased. The Oculus Go (Image by Oculus).
As a tech guy, of course, I’m all in for retro compatibility, and I would still love to sometimes attach my Oculus DK2 to my laptop and remember the good old times playing Tuscany. I know that I’m saying something unpopular, but I understand Microsoft’s decision.
There is no point if you have face tracking and it doesn’t work well… and the positional tracking alone is very difficult to provide well even for established companies (only Oculus’s one is very fluid) In the video they say confusing things like “R&D is cheap now” (really? Then why MagicLeap hasn’t delivered a solid product with 2B?)
We’ve seen MagicLeap raise $2.63 Panning back to the broader landscape, we’re also now at a point where there are tangible market signals that can inform product strategies. “Oculus has finally launched the first real consumer VR device, and that’s the Oculus Quest.
The NBA on TNT VR app is intended to change the viewing experience from, “passive to immersive’” said David Aufhauser, Managing Director, Strategy and Product for Intel Sports, during an interview with VRScout. It’s currently available for Samsung Gear VR, Google Daydream, Oculus , and Google Play.
At Tilt Five, we designed a really clever system that only works on tabletop experiences but it has features that are just leaps and bounds above what the big MagicLeap or HoloLens type AR systems are. If a family can afford spending the money for 4 MagicLeap Ones, they can play this board game together (Image by Road To VR).
Even if it is sometimes hard to tell him that the tethered headset that I use the most is an Oculus Rift :D. Yes, the tracking of the Vive is great, but THIS, played with Oculus Touch… this, is pure orgasm (Image by Oculus). And yes, the best VR game ever is Robo Recall.
As for Meta, while he appreciated the efforts of the people working there, he said that doesn’t agree much with its strategy. Regarding the Quest line, he said that Meta pursued a low-price strategy too early, even before the device’s value could be perceived by people. If you want to buy some PCVR games, I suggest you give it a read!
It’s no secret that Microsoft’s mixed reality strategy is centered around its Intelligent Cloud, and the Intelligent Edge; therefore the HoloLens team has worked very closely with Azure to bring it all together in one sleek package. In other words, down with the “walled garden” approach favored by companies such as Apple and Oculus.
Yes, the biggest companies were not there with a booth (Oculus will probably target the OC6, HTC the VEC, etc…), but it is the first time that I read the XR news from CES and I dont’ remain surprised. Nothing that will shake the ecosystem. Someone wonders if this may be the Quest killer, and my answer is no.
I and my partner Gianni bought every new headset on the market : the Oculus Rift DK2, the Vive, the Rift CV1, the Gear VR, etc… We also went to almost every event we were invited to, even the smallest one (I remember once we went to a public plaza with like 7 people listening to our talk about VR…). The reasons?
Fable Studios is building Lucy, an AI character that currently acts as a self aware drawn character in the “Wolves in the Walls” series but eventually will become her a personified OS much in the same way Mica from MagicLeap is aiming to be. The Evolution of Brand Activations. The Evolution of Customer Support.
But it was delicious, so the “yes yes” strategy is paying off. Markers can be used to define where to show virtual elements, and in the demo that I tried were used to show virtual Chinese artworks in a room; Leap Motion device on Realmax glasses. This evening I have just drunk a bubble tea that I don’t know what contained inside.
But now the market has actually launched, and we’ve got 12 months of real-world performance and major tech players’ strategies emerging. Facebook (Oculus Rift) and HTC (Vive) had growing pains at launch, whether slower than expected shipping or order cancellations. And that’s changed our views on VR/AR growth.
Palmer Luckey, co-founder of Oculus VR Inc., Photo by Kevork Djansezian/Getty Images The first Oculus Rift prototype reignited the conversation when it arrived in 2012. In 2014, the social media giant purchased Oculus for nearly $3 billion. Google revealed Glass the same year the first Oculus prototype hit the scene.
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