Augmented reality hits economic reality in the case of Magic Leap

Magic Leap just announced its intention to focus on the enterprise market, after years of branding itself as a consumer device company. The corporate press release blamed COVID-19 for the required pivot, and nearly 1,000 employee have been laid-off; almost half its workforce.

However, this shift toward the enterprise market is not driven by the COVID-19 crisis.

Read more at:
https://venturebeat.com/2020/04/25/augmented-reality-hits-economic-reality-in-the-case-of-magic-leap/