{"id":460560,"date":"2022-06-09T17:05:07","date_gmt":"2022-06-09T14:05:07","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/meta-nixes-planned-apple-watch-competitor-milan-report\/"},"modified":"2022-06-09T17:05:07","modified_gmt":"2022-06-09T14:05:07","slug":"meta-nixes-planned-apple-watch-competitor-milan-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/meta-nixes-planned-apple-watch-competitor-milan-report\/","title":{"rendered":"#Meta nixes planned Apple Watch competitor &#8216;Milan&#8217;: report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26bd5f22fca\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26bd5f22fca\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/meta-nixes-planned-apple-watch-competitor-milan-report\/#%E2%80%9CMeta_nixes_planned_Apple_Watch_competitor_%E2%80%98Milan_report%E2%80%9D\" >&#8220;Meta nixes planned Apple Watch competitor &#8216;Milan&#8217;: report&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CMeta_nixes_planned_Apple_Watch_competitor_%E2%80%98Milan_report%E2%80%9D\"><\/span>&#8220;Meta nixes planned Apple Watch competitor &#8216;Milan&#8217;: report&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Meta has reportedly nixed development on a smartwatch prototype that was set to directly compete with the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>le Watch \u2013 a decision that comes as slowing revenue growth forces the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> parent to dial back on its spending in some areas.<\/p>\n<p>The device, which was under development in a project codenamed \u201cMilan,\u201d featured a removable watch face, two cameras and was capable of a variety of functions, including text messaging and music streaming.<\/p>\n<p>Meta was aiming to release the smartwatch device by next spring with a sale price of roughly $349, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-06-09\/meta-halts-development-of-apple-watch-rival-with-two-cameras?srnd=technology-vp#xj4y7vzkg\">Bloomberg<\/a> reported. But employees who were working on the \u201cMilan\u201d project were purportedly told this week that the company was ceasing development of the device.<\/p>\n<p>The second camera included on the wrist-facing side of the watch was reportedly a source of trouble during development because it was interfering with a key feature that allowed the device to use nerve signals to execute digital commands.<\/p>\n<p>While the \u201cMilan\u201d device is being scrapped, Meta is reportedly working on other smartwatch-like devices \u2013 with executives seeing the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> as a benefit to the company\u2019s planned \u201cmetaverse.\u201d\u2019<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/watch-milan-63.jpg?w=1024\" alt=\"Apple Watch\" class=\"wp-image-22590807\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/watch-milan-63.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/watch-milan-63.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/watch-milan-63.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The Meta device was set to rival the Apple Watch.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Meta representatives did not immediately return a request for comment.<\/p>\n<p>Meta has prioritized its development of the metaverse following a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of scandals related to its social media platforms, including reports about the harmful effects of Instagram on the mental health of teen users that culminated in hearings on Capitol Hill.<\/p>\n<p>While the company has poured money into various projects developed through its Reality Labs division \u2013 the unit leading development of the metaverse \u2013 executives have indicated that spending will slow in the months ahead.<\/p>\n<p>During Meta\u2019s April earnings call, CEO Mark Zuckerberg said the company would \u201cslow the pace of some of our investments\u201d due to \u201cour current business growth levels.\u201d Meta\u2019s revenue grew just 7% to $27.9 billion in the first quarter \u2014 its slowest rate of expansion since going public.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/google-meta-68.jpg?w=1024\" alt=\"Mark Zuckerberg\" class=\"wp-image-22590801\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/google-meta-68.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/google-meta-68.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/google-meta-68.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Mark Zuckerberg is leading Meta\u2019s shift toward the metaverse.<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/meta-51-1.jpg?w=1024\" alt=\"Meta logo\" class=\"wp-image-22590805\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/meta-51-1.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/meta-51-1.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/meta-51-1.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Meta recently enacted a hiring freeze.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Company officials said overall annual expenses would decline by $3 billion this year. Meta was further rocked by the stunning resignation last week of longtime COO Sheryl Sandberg.<\/p>\n<p>As The Post reported last month, Meta has also slowed or entirely paused hiring for most of its mid- or senior-level positions.<\/p>\n<p>At the time, a company representative said Meta has no plans to conduct layoffs. The freeze was enacted after a heavy recruiting push by the tech giant that saw its overall headcount grow 28% to 77,800 employees in the first quarter.<\/p>\n<p>\u201cWe regularly re-evaluate our talent pipeline according to our business needs and in light of the expense guidance given for this earnings period, we are slowing its growth accordingly,\u201d a Meta spokesperson told The Post. \u201cHowever, we will continue to grow our workforce to ensure we focus on long term impact.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/06\/09\/meta-nixes-planned-apple-watch-competitor-milan-report\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Meta nixes planned Apple Watch competitor &#8216;Milan&#8217;: report&#8221; Meta has reportedly nixed development on a smartwatch prototype that was set to directly compete with the Apple Watch \u2013 a decision that comes as slowing revenue growth forces the Facebook parent to dial back on its spending in some areas. The device, which was under development&#8230;<\/p>\n","protected":false},"author":1,"featured_media":460561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/newspress-collage-22590751-1654783384631.jpg?quality=75&strip=all&1654769059&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[122306,130112,5029,70372,4974,73736],"class_list":["post-460560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-meta","tag-6-9-22","tag-apple","tag-apple-watch","tag-facebook","tag-gadgets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/460560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=460560"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/460560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/460561"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=460560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=460560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=460560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}