SAN FRANCISCO — Magic Leap said on Tuesday that it had hired Peggy Johnson, a top executive at Microsoft, to be its chief executive, as the troubled augmented reality headset start-up shifts its focus from consumers to businesses.
Ms. Johnson, who starts at Magic Leap in August, is joining at a critical time for the once vaunted start-up. While Magic Leap had caused excitement with a virtual-reality headset intended to show people the technology’s abilities, the product arrived after many delays to lukewarm reviews, and sales fell short of expectations. […]
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