All articles tagged with #spectacles
A Guggenheim analyst estimates Snap invested about $500 million in developing its new standalone AR Spectacles, which are priced at $2,195. The note suggests large upfront costs with potential long-term leadership in wearable AR, but investors have driven the stock lower as the company awaits details on cost structure and demand potential.
Snap Inc. has acquired select assets from Rec Room ahead of the social gaming platform’s June 1 shutdown, with some Rec Room staff joining Snap’s Specs Inc. to support AR eyewear initiatives. Terms weren’t disclosed, and there’s no indication Rec Room will be revived. Rec Room had over 150 million players, raised $294 million, and was valued at about $3.5 billion in 2021, but profitability proved elusive amid VR market headwinds.
Snap OS 2.0 enhances the AR platform with new features like a faster browser, Travel Mode, and improved first-party apps, bringing Snap's AR glasses closer to consumer readiness, with a launch of consumer Spectacles expected in 2026.
Snap OS 2.0 introduces practical updates to Snap's Spectacles AR glasses, including a better web browser, gallery app, and translation tools, signaling a move towards making AR glasses more functional and wearable in everyday life, with a consumer release planned for 2026.
Snap plans to release its first AR glasses, called Specs, in 2026, aiming to capitalize on the growing AR market with lighter hardware, AI features, and a focus on developer support, positioning itself as a key player in the evolution of wearable tech beyond smartphones.