The demo in lab was shown to the investors. They were sold a bill of goods because the technology simply does not scale down to a headset size with proper heat dissipation and power needs. Ever hear of Microvision?

The bottom line? Magic Leap was completely arrogant and gave Devs the run-around. Then they hyped up the market with the fail whale videos that we're all CGI and served no practical need showcasing the technology helping to save time or fix a problem.

The dev kits shipped did showcase a lot of hard problems that needed to be solved and integrated. A cool glimpse of the future. However the waveguide system that they hyped investors on was never shipped in the dev kits. They used smoke and mirrors to fool people.

Magic leap is really based off of old Microvision hype with the great backroom demo for investors that will not manifest into a real product anytime in the near future.

Microsoft's going to own the Enterprise in this space with integrated cloud scale systems powering the headset.

I've tried the Magic Leap, HoloLens, helped launch the Gear VR, and was early in the old Valve VR room. Remember kids, don't believe the hype.