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Report: AR Startup Magic Leap is Looking for a Buyer

Road to VR

The Plantation, Florida-based company has raised $2.6 billion since its initial Series A financing in 2014, garnering cash from the likes of Google, Alibaba, Qualcomm, and Andreessen Horowitz over the years. Other options reportedly under consideration are potential partnerships and a stake sale.

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The XR Week Peek (2020.09.07): new Quest is coming at $299 and $399, NVIDIA RTX3070 is powerful and affordable and more!

The Ghost Howls

Rumors hint to Oculus discontinuing the current Quest and selling the new one at $299 and $399. The Facebook Connect is close and we all expect that during that conference Oculus is finally going to announce the new Oculus Quest. Facebook is temporarily suspending the sale of Oculus Quest devices in Germany.

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The XR Week Peek (2020.02.17): Half-Life Alyx will launch on March, 23rd, MWC has been canceled and much more!

The Ghost Howls

Augmented Reality is being a great tool for e-commerce: AR tools have increased the user’s likelihood of purchase by 11 times; Build.com found that the return rate after selecting items in AR has decreased by 22%. More info (Use Google Translate). Google Chrome now supports WebAR. Are we at an inflection point for VR?

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The Ghost Howls’s VR Week Peek: Facebook admits that VR is taking longer than expected, Pistol Whip ready to launch and much more!

The Ghost Howls

Facebook said that this growth has been mostly due to the sales of Oculus Quest. Admitting that Oculus Quest is the only responsible for this big growth from last year (just an assumption, I want to be clear), we obtain that the sales of Quest for Q3 account for $81M. Oculus Quest may have an assistant soon.

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Here’s How Travel Will Look In The Internet Of The Future

Bernard Marr

For example, Patagonia has created an Oculus Rift experience that allows users to visit the remote mountain Monte Fitzroy, including viewing a breathtaking glacial lake that lies at the foot of the mountain. Hotels are already using VR as a marketing tool to entice visitors to their doors.

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All the most important AR and VR news from the GDC 2018

The Ghost Howls

I think that, after a year, its specifications don’t sound exceptional anymore and maybe it is better that LG jumps directly to a second generation or that enters the standalone market (as it seems, since there are some rumors about a new revolutionary headset screen developed by Google and LG). Oculus Go showcased.

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Magic Leap’s LEAP Con 2018 round-up: all the major announcements in only one place

The Ghost Howls

It is the first event of this kind organized by Magic Leap: we can say that LEAP Con is like the Oculus Connect of Magic Leap and will probably become always more important, year after year, exactly as it has happened to Oculus. PixelStrikeInc brace yourself…the memes are coming. pic.twitter.com/MbJZV8aOdf.