Magic leap update

Dec 6, 2019 29 Comments

- Planned to sell over 100k of its AR headsets in 1st year, but sold 6k in first 6 months
- Recently laid off dozens of employees
- Google/Alphabet CEO Sundar Pichai left the board last year

Anyone from the company who have some insight?

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TOP 29 Comments
  • Microsoft Dr.Zero
    It is a joke compared to HoloLens that is why we won the Defense contract for HoloLens.
    Dec 6, 2019 7
    • Microsoft Dr.Zero
      What price! it will cost you your life!
      Dec 6, 2019
    • LinkedIn deplora
      Meanwhile the Tesla one accelerates into dividers
      Dec 6, 2019
  • Facebook r0cktu
    No surprises. I interviewed at magic leap before coming to FB and the interview was the oddest scammiest interview I've ever had. First vid interview was with a young pm who was dodging legit questions with buzzy doublespeak and had a website full of hastily made mocks that looked like student work. Second interview the dude literally hadn't been told he was leading the interview loop and made me wait while he pulled my info up on his laptop to 'find out who I was'. Some of my former colleagues are there in highish places and shouldn't be. It seems more stuffed full of PT Barnums than your average tech company. This company is going to stall and fall. Smells like fish all the way.
    Dec 6, 2019 6
    • Facebook r0cktu
      I had 4 vid interviews before they decided to pass... By that time I was glad.
      Dec 7, 2019
    • Magic Leap PbHM82
      Truth comes out
      Dec 8, 2019
  • Twitter mgmtsucks
    Everyone stop what you are doing and watch Rony’s TED talk on YouTube. It is the most wtf five minutes I’ve ever seen in my life.
    Dec 6, 2019 2
    • Google AC/TC
      Haha, that was crazy. "Creativity matters" was posted on the screen at the end. Is that was this was? Creativity?

      https://youtu.be/w8J5BWL8oJY
      Dec 6, 2019
    • T-Mobile
      heckoworld

      T-Mobile

      BIO
      looking for new opportunities...
      heckoworldmore
      WTF!
      I should've known it was a Ted x talk. With a bold X.
      Dec 6, 2019
  • Twitter mgmtsucks
    Company is a scam. Their headset does not use the technology they claim to have invented and pitched to investors.
    Dec 6, 2019 2
    • Twitch asdfack
      Context / evidence?
      Dec 6, 2019
    • Twitter mgmtsucks
      Look at reviews for their device and their initial patents.
      Dec 6, 2019
  • Intel Benzy
    First version of the headset appears to be a dud. Used it a couple of times, interesting experience but nothing earth shattering. Even if they hit their 100k target, that's only $300 Mil in revenue against something like $5 or 6 billion in investments. At only 6k units, revenue is a fraction that so I wouldn't want to be one of their investors with those awful numbers.
    Dec 6, 2019 0
  • 6k is amazingly bad. I’ve been calling it a scam for years and that exceeds all my expectations.

    I wonder how many boxes of product are sitting in a warehouse somewhere.
    Dec 6, 2019 0
  • Infosys / Eng BRY47
    I got some feedback from an employee. They’re focused on getting Apps from 3rd party developers right now and the person working there thought the device was pretty cool in its current state.

    https://us.teamblind.com/s/AhzWRO82 - It’s a reply to the first comment.
    Dec 6, 2019 1
    • Microsoft xIdC37
      Employee thinks own product is good! Having tried what was released I can say they have a long road ahead to get to a real product. I hope it does to keep the ecosystem alive with competition.
      Dec 6, 2019
  • Juniper 🍕🍕s
    Heard from a lot of magic leap employees that it's sinking big time. First of all, the only product they've falls behind their only competitor (Microsoft) by miles in terms of processing speed and CV technology.

    Second, they don't really have that many applications.

    Third, it's actually considered as a toy that's worth 3k with no real applications.

    Fourth, the CEO went over the board by opening up tons of branches for the only not-so-great product they've.
    Dec 6, 2019 1
    • Juniper
      magic now

      Juniper

      PRE
      Magic Leap
      magic now more
      Why do you know a lot of ML employees?
      Dec 6, 2019
  • Juniper
    magic now

    Juniper

    PRE
    Magic Leap
    magic now more
    It will be acquired
    Dec 6, 2019 0
  • Intel / Eng pleb
    Tbh, I was quite impressed with their goggles but my only comparisons are Oculus and HTC which were bulky, wired, pixelated image and very narrow field of view. I haven't tried HoloLens. Usually very long lines for that at shows so there must be something. Oh, I had also tried Intel's attempt at VR goggles which was so bad that I don't think they showed it to anyone in public.

    Nonetheless, I don't think any goggles are worth spending $5-6bn no matter what they do. You can get a country halfway out of poverty with that money which helps people and generates more money than a pair of goggles.

    Speaking about goggles, it's a very narrow niche cause not many people need such a device. Who the fuck is going to spend a few thousand dollars on any crap like that ?

    There was a venturebeat article a few months ago about another 2-3 goggles companies that went bankrupt: Meta, ODG and maybe another one. Apparently Magic Leap screwed ODG. That article is a fun read about huge amounts of wasted money and dirty business practices.
    Dec 7, 2019 0

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