Meta is reportedly planning to launch its first smartwatch later this year, focusing on health tracking and a built-in Meta AI assistant. A recent report suggests the device, code-named Malibu 2, could debut alongside updated Ray-Ban Display smart glasses and may replace the neural wristband used for gesture controls. The move would revive Meta’s shelved smartwatch project from 2022. The report also notes Meta has delayed its Phoenix mixed-reality glasses to 2027 amid a broader AR roadmap review.