Core Insights - Meta is expected to release the next version of its Ray-Ban Display smart glasses along with a smartwatch, codenamed Malibu 2, which may include fitness features similar to those of the Apple Watch or Fitbit [1][6] - The smartwatch is intended to work in conjunction with the smart glasses, enhancing the overall user experience [1][5] - Meta's neural band technology, which translates motor neuron signals into interface gestures, currently only controls the Ray-Ban Display glasses, but there are plans to expand its functionality [4][5] Group 1: Product Development - The smartwatch could serve as a better companion for the glasses, potentially acting as a viewfinder or controlling the on-glasses camera [8] - Meta's wearables team is likely exploring additional functionalities for the smartwatch beyond gesture recognition, including fitness tracking [6][8] - A partnership with Garmin is anticipated for the smartwatch, given Meta's existing collaboration with the company on fitness-related features [7] Group 2: Competitive Landscape - Meta is not alone in the wearables market; Apple and Google are also developing their own smart glasses and related devices [3] - The upcoming Meta products are expected to be announced at the Connect developer conference, typically held in September [9] - The introduction of a neural-equipped smartwatch alongside the next-gen Ray-Ban Display glasses is seen as a strategic move to compete with Apple and Google in the wearables space [9]