I believe—and I doubt anyone would disagree—that Apple could build the best Meta Ray-Ban–like smart glasses on the market. Yet its decision-making in this area has been surprisingly slow. Putting AI aside for a moment, this category could cannibalize at least some AirPods demand, directly impacting Apple’s hardware business. Still, the company has remained conspicuously inactive.Apple has historically excelled at creating entirely new product categories and courageously cannibalizing its own products. To de ...