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Facebook owner Meta Platforms Inc's (NASDAQ: FB) Reality Labs division has suspended its work on the smartwatch codenamed 'Milan' after two years to focus on other wrist-worn devices, Bloomberg reports.
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The smartwatch, which was a part of its metaverse ambitions, was likely to include activity tracking, music playback, and messaging.
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A prototype of the device included dual-cameras, differentiating it from market leaders like the Apple Inc (NASDAQ: AAPL) Apple Watch.
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Also Read: Meta Looks To Cutback In Reality Labs In Its Quest For Metaverse
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Meta positioned one camera below the display as per images and video of a prototype. The second camera was on the backside against the wearer's wrist.
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The second camera would help users remove the watch face from its strap to take pictures quickly, making electromyography a top priority for Meta.
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Electromyography helped use hands as a "controller" for other devices and looked to play an essential role in Meta's metaverse.
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Meta previously looked to launch the smartwatch in spring 2023 at around $349.
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During its April earnings call, Meta discussed cost cuts and prioritization of projects and hirings to beat the slowdown.
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Price Action: FB shares closed higher by 0.51% at $196.64 on Wednesday.
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