The collaboration between LG and Meta to develop an extended reality (XR) device seems to be facing challenges, with reports indicating a potential pause in the partnership. LG had initially announced the joint venture with Meta to create a device that could rival Apple’s Vision Pro headset just three months ago. However, Korean news outlets are now suggesting that the partnership has hit a roadblock due to a lack of synergy between the two companies.
While LG has denied terminating the deal, stating that they are still continuing the XR partnership with Meta but at a slower pace, reports from Seoul Economic Daily suggest a potential release date of 2027 for the collaborative product. Moreover, there are speculations that LG might be exploring a new partnership with Amazon for an XR headset, leveraging Amazon Prime’s extensive content library and subscriber base.
The news of the potential breakdown in the LG-Meta partnership comes at a time when Meta is facing challenges in its AR and VR businesses. Reports indicate that Meta’s Reality Labs has been incurring significant losses, with the company expecting these losses to increase year over year due to ongoing product development efforts and ecosystem scaling. This financial strain is reflective of the broader struggles faced by the VR/AR industry as consumer interest wanes.
The future of LG’s XR device partnership with Meta is uncertain, with conflicting reports about the status of the collaboration and potential new partnerships in the pipeline. The challenges faced by Meta in its AR and VR businesses further add to the complexities surrounding the project. It remains to be seen how LG, Meta, and other players in the industry navigate these obstacles and drive innovation in the XR space.
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