Core Insights - EssilorLuxottica's revenue growth in Q3 was significantly driven by its partnership with Meta, particularly through the Ray-Ban brand smart glasses [1][2] - The company reported a year-over-year sales increase of 11.7%, reaching 6.9 billion euros (approximately $8 billion), with over 4 percentage points of this growth attributed to wearables, including Meta products [2] Company Developments - The partnership between Meta and Luxottica began in 2019 with the Ray-Ban Meta branded smart glasses, and has recently expanded to include Oakley and Prada brands [3] - Luxottica is actively promoting internet-connected glasses that integrate with Meta's AI-powered digital assistant, enabling functionalities similar to smartphones [4] Market Outlook - The CFO of EssilorLuxottica expressed optimism about the wearables business, stating that glasses will replace many smartphone functions and are already profitable [5] - The company anticipates reaching its target of 10 million units sold earlier than the original deadline of 2026, primarily due to the success of Ray-Ban Meta glasses [6] Industry Trends - The wearables ecosystem is expected to generate revenue not only from hardware sales but also from lenses and AI-related services over time [7] - Other tech giants, including Alphabet and Alibaba, are also entering the smart glasses market, indicating a growing competitive landscape [8]

Core Perspective - Apple is reportedly shifting focus from updating the Vision Pro headset to developing smart glasses to compete with Meta's products [1][2][3] Group 1: Product Strategy - Apple is prioritizing the development of smart glasses that may include features like Siri and a camera, rather than a new version of the Vision Pro headset [2][4] - The Vision Pro has not achieved the expected market success and has not significantly impacted the computing paradigm as initially anticipated [3][4] Group 2: Market Context - The smart glasses market remains niche, with Meta selling only 2 million pairs of Ray-Ban glasses from 2023 to early 2025, compared to Apple's annual iPhone sales of approximately 225 million units [5] - Despite the niche status, the smart glasses category is experiencing rapid growth [5]

Product Launches - Meta unveiled the $799 Meta Ray-Ban Display glasses, the first consumer-ready smart glasses with a built-in display [1][2] - The Oakley Meta Vanguard smart glasses, designed for high-intensity sports, will launch at $499 on October 21, 2023 [5] - The Ray-Ban Meta (Gen 2) is priced at $379, an increase from $299 for the previous version, and features improved battery life and camera capabilities [8] Technology Features - The Meta Ray-Ban Display glasses include a small digital display controlled by hand gestures via a wristband powered by neural technology [2] - The Oakley Meta Vanguard glasses offer up to nine hours of battery life, can capture 3K video, and feature enhanced speakers [7] - The Ray-Ban Meta (Gen 2) has double the battery life of its predecessor, lasting 8 hours, and includes a more powerful camera for 3K Ultra HD video [8] Partnerships and Development - Meta has been collaborating with eyewear giant EssilorLuxottica since 2019 to develop its smart glasses and renewed a long-term partnership agreement last year [4] - The new smart glasses serve as a bridge between the audio-only Ray-Ban Meta smart glasses and the experimental Orion augmented reality glasses [3]

Meta Platforms (NASDAQ:META) is expected to unveil new smart glasses with a built-in display at its annual Connect event on Wednesday with a retail price tag of $800, according to a Tuesday report from Reuters. The new costlier glasses, internally codenamed "Hypernova," are ...

Core Insights - Meta is shifting its focus from virtual reality (VR) to smart glasses, with significant investments in the development of consumer hardware products [4][5][6] - The company is set to unveil its advanced smart glasses, codenamed Hypernova, which will feature a small display and be controlled via hand gestures [2][3] - Investors are closely monitoring Meta's spending in its Reality Labs division, which has incurred substantial losses but is expected to yield potential returns in the future [4][5] Group 1: Product Development - Meta's upcoming smart glasses, Hypernova, will be priced at $800 and represent the first consumer product with a display [3][7] - The glasses are developed in partnership with EssilorLuxottica, building on previous models like the Ray-Ban Meta smart glasses [3] - Hypernova aims to bridge the gap between existing smart glasses and more experimental augmented reality devices [7] Group 2: Financial Performance - Meta's Reality Labs division reported an operating loss of $4.53 billion in Q2, contributing to nearly $70 billion in total losses since late 2020 [4] - Despite the losses, analysts believe that smart glasses may offer a more viable investment opportunity compared to VR headsets, which remain niche products [5][6] - Investors are looking for signs of progress in Meta's hardware development to justify ongoing expenditures [5]

Core Insights - Meta's new smart glasses announcement was leaked ahead of the Meta Connect event, with the company itself being the source of the leak [1][2] - The leaked video showcased Meta's Ray-Ban and Oakley smart glasses featuring a heads-up display (HUD) and a wristband for interaction [3][4] - The leak potentially undermined the surprise element of the upcoming Meta Connect event, where the integrated HUD was expected to be a highlight [4] Product Features - The Ray-Ban glasses include a HUD that allows users to overlay maps and text onto their surroundings, along with a wristband for interaction [3] - The Oakley glasses feature a center camera and are designed for a wraparound fit [3] Market Context - Meta's smart glasses are part of a competitive landscape, with Google also developing smart glasses powered by Android XR, set to be released later this year [5] - Meta CEO Mark Zuckerberg emphasized the importance of smart glasses in future AI interactions, suggesting that non-users may face a "cognitive disadvantage" [6]

Reports say Apple is pushing hard into smart glasses and we could see the first Apple glasses in 2027 along with a cheaper vision pro. There is a major shift happening now in how we're interacting with computers. You see this moment right now, it's kind of like right before the smartphone boom that changed our day-to-day life.These are the final years before it's going to be normal to have a display floating on top of your view of the real world and before everyone is wearing a recording device next to thei ...

Core Insights - Google is launching a new line of AI eyewear to compete with Meta's Ray-Ban glasses, emphasizing personal style and customization [1][4] - The new glasses will be part of Google's Android XR platform, developed in partnership with Samsung, and will support augmented reality and AI features [2][3] Product Development - The first line of smart glasses featuring multimodal AI is expected to launch after 2025, with additional products planned in collaboration with Warby Parker [3] - Google has committed up to $150 million to this partnership, with $75 million allocated for product development and commercialization [4] Market Context - Warby Parker's stock rose nearly 15% following the announcement of the collaboration with Google [4] - Meta's Ray-Ban smart glasses have seen sales triple over the past year, with prices ranging from $300 to $500, and a new version with a built-in display is expected to launch later this year [6][7] Competitive Landscape - Meta is also developing a more advanced line of AR glasses, codenamed "Artemis," aimed for release by 2027, while Google is working on its own "Project Aura" glasses [8] - Google has been exploring smart glasses for over a decade, with previous attempts like Google Glass being discontinued in 2023 [9] Technology Demonstration - A live demo of the Project Aura glasses showcased features such as messaging, appointment scheduling, and live language translation, although the demo experienced some glitches [10]