Wall Street wary on wearables
Many are still skeptical that hardware bets can scale, given disappointment over adoption for mixed reality headsets.
TL;DR
- Tech giants like Meta, Apple, and Google are changing their hardware focus.
- The shift is from bulky mixed reality headsets and glasses to lighter, AI-powered wearables.
- This move is driven by pressure from Wall Street to establish viable hardware businesses.
- Companies need to prove that new hardware devices can be successful ventures.