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 Insights - Meta has launched the Oakley Meta Vanguard smart glasses, priced at $499, aimed at athletes, with availability starting October 21, 2025 [1] Product Features - The glasses feature a large unified front lens, capable of capturing video in up to 3K resolution, and include a 12-megapixel camera with a 122-degree wide-angle lens [2] - A programmable button allows users to trigger custom AI prompts via the Meta AI app, designed for comfortable use with helmets [3] - Battery life extends up to nine hours, with six hours of continuous music playback, and a charging case provides an additional 36 hours of charge [4] - The glasses include open-ear speakers that are six decibels louder than previous models, and a five-microphone array optimized for reducing wind noise [6] - They have an IP67 dust and water resistance rating, the highest among Meta's smart glasses, and feature Oakley PRIZMTM Lens technology for enhanced protection against sun, wind, and dust [7] Integration and Compatibility - The glasses can integrate with Garmin smartwatches, allowing users to access stats like heart rate and pace during activities, and can also work with Strava for performance metrics overlay on captured videos [9] Availability and Variants - Oakley Meta Vanguard will be available in multiple regions including the U.S., Canada, U.K., and several European countries, with plans for launches in Mexico, India, Brazil, and the UAE later this year [12] - The glasses come in four frame and lens color options [11] Competitive Context - This announcement follows the earlier release of the Oakley Meta HSTN smart glasses, which were positioned as the first product for athletes, and coincides with the introduction of new Ray-Ban branded smart glasses with enhanced features [13]

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]