Meta working on smartwatch to rival Apple Watch, says Bloomberg

Following the annual Connect developer conference of the company formerly known as Facebook, which has changed its name to Meta, Bloomberg's Mark Gurman this evening reports that Meta is working on a smartwatch with a front-facing camera, citing an image file found inside Meta's iOS app, Facebook View, used to control its smart spectacles recently unveiled with Ray-Ban.

Gurman, who regularly covers Apple news, Facebook is planning to debut its first-ever smartwatch next year, though the timing is not fixed, writes Gurman, citing a single unnamed source.

Writes Gurman, 

The photo shows a watch with a screen and casing that's slightly curved at the edges. The front-facing camera -- similar to what you'd see on a smartphone -- appears at the bottom of the display, and there's a control button for the watch on the right side.

Gurman deems the watch, based on the image, to be akin to Apple's Apple Watch in its industrial design. Apple plans to introduce three new smartwatches next year, writes Gurman, including Apple Watch Series 8, citing his previous reports. 

Alongside today's name-change, Meta co-founder and CEO Mark Zuckerberg discussed what he called a Horizon marketplace and a wider metaverse economy that can support a range of experiences through AR, VR, smartphones and laptops, as reported by ZDNet's Jonathan Greig. Zuckerberg spoke at length about the company's plans to build an economy for designers creating new worlds, digital objects and more.

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• Adobe shares sag as outlook misses expectations
• Micron stock jumps as fiscal Q2 results, outlook top expectations
• Oracle shares rebound, fiscal Q4 view tops expectations
• PagerDuty stock surges as fiscal Q4 revenue, forecast top expectations
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• Broadcom shares jump as fiscal Q1 results, outlook top expectations

Also: Facebook CEO Zuckerberg renames company Meta, outlines vision for 'Horizon' metaverse