Meta Platforms(US:META) Zheng Quan Shi Bao·2025-07-09 18:35Group 1: Company Developments - Meta has acquired approximately 3% of EssilorLuxottica for about $3.5 billion, with plans to increase its stake to 5% [3] - The partnership between Meta and EssilorLuxottica has led to the launch of the Ray-Ban smart glasses, which have sold millions of units since their release [3][4] - Meta's CEO Mark Zuckerberg emphasizes the potential of smart glasses, stating they will surpass VR products, with Ray-Ban smart glasses accounting for 60% of global shipments in 2024 [4] Group 2: Market Outlook - The global smart glasses market is projected to reach 14.5 million units shipped by 2025, reflecting a year-on-year growth of 42.5% [4] - The Chinese market is experiencing rapid growth, with AI/AR glasses sales increasing by 45% year-on-year in Q1 2025 [4] - Industry experts believe the smart glasses sector is at a critical growth stage, transitioning from exploration to commercialization [5] Group 3: Competitive Landscape - Major tech companies like Xiaomi, Huawei, and Baidu are entering the smart glasses market, with startups also seeking funding to innovate and compete [7] - Recent funding rounds for startups in the smart glasses space indicate a strong interest in product development and market entry [7][8] - The industry is expected to undergo a competitive reshuffling, with a diverse range of players including internet giants and emerging brands [6]