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Facebook Parent Meta Pauses Dual Camera Smartwatch Project

Benzinga · 06/09/2022 06:44
  • Facebook owner Meta Platforms Inc's (NASDAQ:FB) Reality Labs division has suspended its work on the smartwatch codenamed 'Milan' after two years to focus on other wrist-worn devices, Bloomberg reports.
  • The smartwatch, which was a part of its metaverse ambitions, was likely to include activity tracking, music playback, and messaging. 
  • A prototype of the device included dual-cameras, differentiating it from market leaders like the Apple Inc (NASDAQ:AAPLApple Watch
  • Also Read: Meta Looks To Cutback In Reality Labs In Its Quest For Metaverse
  • Meta positioned one camera below the display as per images and video of a prototype. The second camera was on the backside against the wearer's wrist. 
  • The second camera would help users remove the watch face from its strap to take pictures quickly, making electromyography a top priority for Meta.
  • Electromyography helped use hands as a "controller" for other devices and looked to play an essential role in Meta's metaverse. 
  • Meta previously looked to launch the smartwatch in spring 2023 at around $349.
  • During its April earnings call, Meta discussed cost cuts and prioritization of projects and hirings to beat the slowdown.
  • Price Action: FB shares closed higher by 0.51% at $196.64 on Wednesday.