Magic Jump, the as soon as high-flying augmented truth corporate that crashed to Earth previous this 12 months, as of late introduced former Microsoft govt VP Peggy Johnson will change departing CEO Rony Abovitz. Johnson will take the reins on August 1, bringing a “confirmed observe file” of a success partnerships and transactions to the AR corporate, which is looking for to temporarily determine traction within the endeavor marketplace.
A former electric engineer with the background to deeply perceive the applied sciences she’s overseeing, Johnson has chalked up a long time within the trade. Prior to her six-year stint at Microsoft, the place she oversaw industry building, she spent 24 years at Qualcomm, protecting more than one management positions, in addition to club at the corporate’s govt committee. Previous to that, she labored on army electronics for Common Electrical. She’s these days on BlackRock’s board of administrators, and there’s little query her in depth revel in and connections to key and tool makers shall be an asset to Magic Jump because it struggles to continue to exist its present disaster.
Magic Jump launched its first AR headset, Magic Jump 1, as a spatial computing platform, whole with a wearable laptop and wi-fi controller. To start with offered to builders for $2,295, it was once rereleased in a in large part unchanged shopper model on the similar or upper costs. However the headset reportedly offered best within the single-digit hundreds, main the corporate to kill its shopper industry in prefer of the smaller, deeper-pocketed endeavor AR marketplace. After securing a short lived investment lifeline, founder and CEO Abovitz introduced he would go out the corporate in prefer of an unnamed successor who may just steer Magic Jump via turbulent waters.
It’s unclear at this level whether or not Johnson will proceed Magic Jump’s present trajectory of growing its personal spatial computing and tool or depend extra closely on platforms evolved through others. Her fresh employer Microsoft has its personal competing AR platform, HoloLens, whilst Qualcomm supplies each chips and white-box tool platforms for XR . Magic Jump’s reliance on Nvidia’s Tegra X2 for its unique headset would possibly have ended in the product’s excessive value and modular nature all over a time when different AR builders have been gravitating towards smaller and in most cases extra reasonably priced Qualcomm chipsets. Reviews have instructed the corporate’s upcoming Magic Jump 2 would possibly battle to combine 5G cell capability inside a meaningfully smaller shape issue — a probably huge obstacle as AR packages transfer outside after being in large part restricted to indoor areas.