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 - Amazon is developing augmented reality (AR) glasses aimed at both consumers and delivery drivers, with plans to launch the consumer version by late 2025 or early 2027 and the delivery driver version by the second quarter of 2026 [2][3] Product Features - The consumer AR glasses will include microphones, speakers, a camera, and a full-color display in one eye, while the delivery driver version will focus on features that assist with package sorting and delivery [2][3] - Both products will utilize the same underlying technology, but only the consumer version will have a full-color display [3] Market Context - The development of AR glasses coincides with a broader trend in the tech industry, where several companies, including Meta, are investing in smart glasses as the next popular connected wearable [6] - Meta is set to launch its first pair of smart glasses with a display, codenamed Hypernova, at a starting price of $800, indicating a competitive pricing landscape in the smart glasses market [4][6]

Core Insights - Meta is set to announce a significant advancement in smart glasses at its upcoming Connect conference, including the launch of consumer-ready glasses with a display and a new wristband for gesture control [2][3][10] Product Development - The new smart glasses, codenamed Hypernova, will feature a small digital display in the right lens and are expected to retail for approximately $800 [3][4] - The glasses will be launched in partnership with EssilorLuxottica, which has previously collaborated with Meta on smart glasses [4][5] - The Hypernova glasses will have limited visual features, providing a 20-degree field of view primarily for simple notifications like text messages [13] Market Strategy - Meta has set low sales expectations for Hypernova due to its increased complexity and weight compared to previous models [10] - The company has sold 2 million pairs of its second-generation smart glasses since 2023, with Luxottica reporting a year-over-year revenue increase of over 300% from these sales [11] Technological Integration - The Hypernova glasses will be paired with a wristband utilizing sEMG sensor technology for gesture control, which is designed to improve user interaction with the device [17][18] - The wristband's development has faced challenges related to fit and performance, but advancements in machine learning are expected to enhance its functionality [19][20] Developer Engagement - Meta is actively reaching out to developers to test Hypernova and the wristband, aiming to attract third-party developers to create applications that can be showcased at the Connect conference [22]