Here is a much better (and the original source) article: https://www.theinformation.com/the-reality-behind-magic-leap

The article posted literally says: the Verge says that The Information says...

>"The Verge, which quotes an exclusive article from The Information, reports that..."

In light of all the technical problems with regular VR, it should surprise no one that Magic Leap is in trouble.

Consider all the information about reality you need in order to pull this off at scale ( as shown in the video at least ). Yeah, it's possible get this information, but we're nowhere near having it right now. Of course this is before we even discuss the hardware problems, and it sounds like there are serious issues there too.

You have Google trying to make Daydream into some kind of Prada-inspired objet d'art, and you have all the headset manufacturers trying to port games to stimulate demand. The fact that they are spending so much time and energy trying to stimulate demand is the biggest clue that it's going to fail. Yet all the proponents think that the industry is just 1 'killer app' away from huge penetration.

The amount of resources being exhausted trying to stimulate demand tell me that there's absolutely no consumer thirst for VR in general. Early adopters don't constitute large, liquid markets. People in VR talk about game-sized or iPhone sized markets, but I see no evidence of this in the real world. How long did it take Oculus to sell 1 million units? How long did it take Sony to sell 10 million units of the PS4?

In Seattle, I hear plenty of people talk about phones and computers and apps and web stuff, but no one in my tech heavy circle of friends ever talks about VR. There are one or two graphics blogs based in Seattle that have mentioned VR stuff a few times now and then, but that's it.

People have said the exact same things about 3D televisions and VR. Yet I don't know a single person who bought one and I've never even seen one in the wild.

The tech just doesn't excite enough people.

Not sure how kosher this is but, if you want to read without the blurring, paste in URL:

  javascript:$('#v_main').attr('style', '')

Two things come to mind. 1.4 Billion Dollars raised. Secondly headquarters in Florida, where most shady companies are based, wonder a coincidence

There actually is a large tech nexus in the Lauderdale area.

Motorola used to have a large R&D & factory down there working on pagers. Mobility was there until recently. A lot of talent sprung from there. XM Radio was developed down there, for example.

Having spent several years growing up there with lots of connections still living there, "large nexus" is a huge overstatement.

Do we all have adblock installed? (is this the reason there is such little discussion)

I have an adblocker - and could read the article without tricks. The reason I'm not commenting is that I'm not surprised and don't really have anything to add to the topic.