XIAOMI(HK:01810) Hua Er Jie Jian Wen·2025-06-25 07:51Core Viewpoint - Xiaomi officially announced its first AI glasses, defined as "next-generation personal smart devices," which will feature AI object recognition and video recording capabilities [1][4]. Product Features - The Xiaomi AI glasses have a common D-shaped frame design with thin temples, resembling regular glasses, and the camera is located on the left side [3]. - The glasses are equipped with AI capabilities, allowing users to ask questions about what they see using the built-in Xiao Ai assistant, which provides real-time responses [4][7]. - The glasses support first-person video recording, enabling users to capture activities hands-free by simply saying "Xiao Ai, start recording" [7][9]. Market Positioning - Xiaomi's AI glasses are positioned to compete directly with Meta's Ray-Ban smart glasses, featuring AI functions, audio modules, and camera modules, with a projected shipment of over 300,000 units [6][10]. - The glasses are expected to have a hardware cost of approximately $177.5, which is higher than Meta's Ray-Ban at $149, suggesting a potential retail price of around 1499 yuan [11]. Competitive Analysis - The competitive landscape for such products is characterized by high hardware configuration similarities, with both Xiaomi and competitors using Qualcomm AR1 chips and Sony image sensors [10]. - Differentiation among products may arise from AI capabilities, social attributes, and fashion accessory appeal, with Xiaomi potentially leveraging domestic AI models for enhanced functionality [10].