Toshiba scraps smart glasses days before launch date

Cash-strapped Toshiba Corp. on Monday scrapped a glasses-type device days before it was scheduled to go on sale.

The Wearvue, which projects a display visible only to the wearer, was slated to launch next Monday after a promotion blitz at the Wearable Expo in Tokyo just last month.

The Tokyo-based electronics giant said the cancelation was part of efforts to streamline its business portfolio.

Aimed at corporate users, the glasses were described as conventional but less bulky and more comfortable than similar products.

Toshiba is struggling in the aftermath of a massive accounting scandal. It expects to post a net loss of ¥710 billion for this fiscal year, the biggest ever for the 140-year-old firm.

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