Toshiba Wearvue Smart Glasses Scrapped

Posted: Feb 22 2016, 10:10am CST | by , Updated: Feb 22 2016, 10:28pm CST, in Technology News


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Toshiba Wearvue Smart Glasses Scrapped

Struggling Toshiba cancels Wearvue Smart Glasses ahead of sales start.

Toshiba Corporation today announced to kill the development and sales of its new smart glasses Wearvue TG-1. The company has announced the glasses-type wearable device on January 13, 2016 and it was scheduled to start shipping on February 29. Scrapping a product just about to launch is a desperate move.

Toshiba has big financial problems and is making cuts to streamline the business. The decision was made under the corporate-wide policy “Review the Business Portfolio and Operational Structure,” part of the “Toshiba Rebuilding Initiative.” Toshiba is turmoil since an accounting scandal surfaced. The Japanese company forecasted a loss of $6 billion for the fiscal year earlier this month.

Toshiba said in a statement: "The company sincerely regrets any inconvenience that this decision may cause customers who had made on-line reservations and those who had taken interest in Wearvue TG-1."

The Toshiba Wearvue TG-1 was already listed on Amazon in Japan ready to sell. The Google Glass like device used a module on one temple.

Smart Glasses enabling augmented reality are a thing at the Mobile World Congress 2016, but take second row behind virtual reality glasses.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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