How are we even surprised. They are the Theranos of AR. They pushed the 'fake it until you make it' mantra a bit far, and now reality is biting hard. Hopefully they will still trigger a revolution of some sort... but this was predictable.
Dented Reality: Magic Leap Sees Slow Sales, Steep Losses
21–30 of 312 posts
Re: Dented Reality: Magic Leap Sees Slow Sales, Steep Losses
#22The thing that got me about the Magic Leap is I couldn't find a reliable video of what it looked like through the lenses. Everything was clearly a CGI overlay or recreation. Reviewers claimed they were prohibited from showing video through the lenses.[0] I can understand not wanting their product misrepresented, but all the secrecy and censorship about it makes me believe it is bad, and I'm not going to spend money o…
Re: Dented Reality: Magic Leap Sees Slow Sales, Steep Losses
#23Working prototypes trump all theory.
I heard all silicon valley gurus stating they were "bearish on VR, bullish on "AR". This proliferated as a mantra throughout the industry. I thought they were wrong then, and believed the opposite - because I had a working VR headset that was awesome, but had only heard somewhat meh things about existing AR prototypes.
Until great AR hardware comes out, I'm still sticking with the same opinion.
Re: Dented Reality: Magic Leap Sees Slow Sales, Steep Losses
#24How are we even surprised. They are the Theranos of AR. They pushed the 'fake it until you make it' mantra a bit far, and now reality is biting hard. Hopefully they will still trigger a revolution of some sort... but this was predictable.
Re: Dented Reality: Magic Leap Sees Slow Sales, Steep Losses
#25For as cool as this is, cost is the problem. $2300 is an expensive experiment, one that might not be for me. You want to get developers to bet on new tech, to innovate, then get the cost way down. Make me as an individual developer willing to take the risk that I might not have the time or the mindset to follow through. I can't imagine that the cost of production is more than $500... start selling them at that price…
As other commenters have noted though, the problem is not so much the price as not having a real target use case or audience. Hololens is similarly expensive, but Microsoft cleverly did a late pivot before launching the first one to an audience that actually had a need for it.
Re: Dented Reality: Magic Leap Sees Slow Sales, Steep Losses
#26For as cool as this is, cost is the problem. $2300 is an expensive experiment, one that might not be for me. You want to get developers to bet on new tech, to innovate, then get the cost way down. Make me as an individual developer willing to take the risk that I might not have the time or the mindset to follow through. I can't imagine that the cost of production is more than $500... start selling them at that price…
>I can't imagine that the cost of production is more than $500... start selling them at that price point. You can't imagine that the cost of custom bleeding-edge hardware produced in four-digit-volume runs is more than $500?
Re: Dented Reality: Magic Leap Sees Slow Sales, Steep Losses
#27For as cool as this is, cost is the problem. $2300 is an expensive experiment, one that might not be for me. You want to get developers to bet on new tech, to innovate, then get the cost way down. Make me as an individual developer willing to take the risk that I might not have the time or the mindset to follow through. I can't imagine that the cost of production is more than $500... start selling them at that price…
The original Microsoft HoloLens was $3000-$5000 and sold 50,000 units in two years. Now the US Army is paying them $480 million for 100,000 units. The problem isn't the price IMO, but the fact that Magic Leap hasn't been able to make a case for what exactly it should be used for. Random enthusiasts aren't going to shell out thousands of dollars, but a company or government definitely will.
This is not a "product market fit" problem, this is bad tech being pushed down the pipes until it makes it out of a fucked up company.
Re: Dented Reality: Magic Leap Sees Slow Sales, Steep Losses
#28Let this be a lesson: Working prototypes trump all theory. I heard all silicon valley gurus stating they were "bearish on VR, bullish on "AR". This proliferated as a mantra throughout the industry. I thought they were wrong then, and believed the opposite - because I had a working VR headset that was awesome, but had only heard somewhat meh things about existing AR prototypes. Until great AR hardware comes out, I'm s…
Re: Dented Reality: Magic Leap Sees Slow Sales, Steep Losses
#29Earlier quoted context omitted.
I agree that $2300 is a steep price for an experiment but I'm not sure you would want to base your price on the cost of production - why is that any better than any other arbitrary price?
Why not follow the model used by consoles and cell phones? Sell the hardware at a loss and take a 30% cut of software sales.
Re: Dented Reality: Magic Leap Sees Slow Sales, Steep Losses
#30The thing that got me about the Magic Leap is I couldn't find a reliable video of what it looked like through the lenses. Everything was clearly a CGI overlay or recreation. Reviewers claimed they were prohibited from showing video through the lenses.[0] I can understand not wanting their product misrepresented, but all the secrecy and censorship about it makes me believe it is bad, and I'm not going to spend money o…