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Stock impact report

Meta delays release of new mixed reality glasses code-named 'Phoenix' in order to 'get the details right' [Business Insider]

Meta Platforms, Inc. - Class A (META) 
Become an Insider and start reading now. Have an account? Log in Meta delays the release of its "Phoenix" mixed reality glasses to 2027, aiming to "get the details right." An internal memo cited the need for "breathing room" as the company wants a "fully polished" device. It's also developing a next-gen Quest headset and a wearable device code-named "Malibu 2." Meta is delaying the release of new mixed reality glasses code-named "Phoenix." The company planned to release the new device in the second half of 2026, but it is pushing back its timeline to the first half of 2027, Maher Saba, VP of Reality Labs Foundation, wrote in a Thursday memo to employees, which was seen by Business Insider. In a separate memo, also viewed by Business Insider, metaverse leaders Gabriel Aul and Ryan Cairns said moving the release date back is "going to give us a lot more breathing room to get the details right." They added, "There's a lot coming in hot with tight bring-up schedules and bi Show less Read more
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