Magic Leap’s early device sales aren’t looking good
Found on Techcrunch on Sunday, 08 December 2019
The Information‘s Alex Heath is reporting that Magic Leap managed to sell just 6,000 units of its $2,300 Magic Leap One headset in its first six months on sale, a figure made worse by CEO Rony Abovitz’s internal claims that he wanted the startup to sell at least one million units of the device in the first year.
The company has now raised around $2.6 billion in venture funding from firms like Google, Alibaba and a slew of other investors.
Not even $14 million earned for $2.6 billion invested. Solid business structure.