Meta is developing new mixed reality glasses under the codename Phoenix, according to Business Insider — but their release date has been pushed back from the second half of 2026 to the first half of 2027.

The Facebook parent company already sells VR headsets and Ray-Ban smart glasses, but these glasses sound a bit different; their format factor would reportedly be similar to the Apple Vision Pro, with a puck-like power source.

BI says it’s seen memos from Meta executives announcing the delay, apparently after meetings in which CEO Mark Zuckerberg told them to take more time to make the business sustainable and deliver higher quality experiences.

The company’s metaverse leaders Gabriel Aul and Ryan Cairns reportedly wrote that the delay is “going to give us a lot more breathing room to get the details right.”

Bloomberg reported earlier this week that Meta plans to slash its metaverse budget by up to 30%.