What happened now? Meta has reportedly put the development of its dual camera smartwatch on hold after two years. A potential Apple Watch rival was due to arrive next spring for $349, but Facebook’s parent has shelved those plans as it runs on other wrist devices instead.

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Last October, leaked images allegedly showed Meta’s watch called “Milan” in code inside the Facebook app for his Ray-Ban Stories smart glasses. Its presence in the code suggested that the same application could be used to control the watch once it was released.

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However, it looks like we won’t see this particular wearable for a long time, if at all. With reference to a Bloomberg person who is knowledgeable in this matter reports that employees working on the watch were told this week that the device was no longer in production. It is likely that cost cuts may have prompted the decision.

The watch had some interesting features: in addition to the 5MP camera/notch on the front, there was a second 1080p autofocus camera on the back that could capture stills when detached from the case. But it turned out that the rear camera was causing problems with electromyography technology, which translates nerve signals from the wrist into digital commands.

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Meta has spoken in the past about potential applications of electromyography, including using the technology to interact with its Metaverse (i.e., control virtual objects or an avatar with your hands).

Meta is working on other wrist devices, some of which may use features designed for Milan such as tight integration with the social media platform Facebook, Wi-Fi, GPS, eSIM support and 18 hours of battery life.

Last month brought news that the Meta reduction in the Reality Labs division, the business focused on its hardware and metaverse aspirations. Reality Labs lost another $2.96 billion in the first quarter – a billion dollars more than the $1.83 billion it lost a year earlier – adding to the $10.2 billion the division lost during 2021.