The axed device was internally code-named La Jolla and was scheduled for release in 2027, the Information reported on Friday
The company told employees at its Reality Labs division to stop work on the device this week after a product review meeting, the report said citing two Meta employees.
The virtual and mixed reality headset market gained renewed attention with Apple’s entry last year, but its Vision Pro has struggled to sell due to the pricy $3,500 tag. The existing line of Quest headsets include the Quest 2, which retails for $200, and the Quest 3 for $500.
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