Drive for better vision 2025 Q2 Earnings Updates : HIMX Forward Looking Statements • Guidance: 8.5 ~ 11.5 cents 2025 Q2 Sales & Breakdown 67.3% 21.1% 11.6% LDDIC $24.9M Non-Driver $45.4M SMDDIC $144.5M Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company's business; general business and economic conditions and the state of the semiconductor industry; market accep ...

Market Overview - The S&P 500 ended a six-day winning streak, closing down 0.3%, with all major indices declining; the Nasdaq Composite fell 0.4%, small caps dropped 0.6%, and the Dow Jones Industrial Average lost 0.5% [2] - The JOLTS report indicated job openings at 7.437 million, slightly below the expected 7.51 million, suggesting a weaker labor market [3] Earnings Reports - Starbucks reported a miss on same-store sales in the U.S. but achieved its first sales gains in China since 2023, resulting in a 3% increase in after-hours trading [4] - Visa's earnings report showed a miss on income but a beat on revenues; the stock fell over 2.5% in after-hours trading, but consumer spending remains resilient, which is a positive sign for the economy [4] Economic Indicators - The forecast for 2Q GDP growth is 2.4%, a significant improvement from the earlier forecast of -0.5% [5] - The Federal Reserve is expected to keep interest rates unchanged, with a 97% probability according to the CME Fed Watch Tool; a potential rate cut could occur in September with a 65% chance [5] Upcoming Earnings - Major companies including Meta Platforms, Microsoft, Qualcomm, and Robinhood are set to report earnings, with a focus on Meta and Microsoft [6] - Microsoft has made significant investments in AI and is expected to show growth in its cloud computing business, following Alphabet's strong performance in these areas [6][7] - Meta has invested over $14 billion in AI and is focusing on advertising revenue and progress in smart glasses, having partnered with Ray-Ban and Oakley [7][8] Upcoming Economic Data - The Personal Consumption Expenditures (PCE) Index, the Fed's preferred inflation measure, will be released soon, followed by earnings reports from Amazon and Apple, and the July employment report [9]

EssilorLuxottica posted better-than-expected revenue in the second quarter, though profit at the world’s biggest eyewear maker was held back by tariffs and its investments in smart glasses https://t.co/YHweKCO4O3 ...

Core Insights - Apple is exploring partnerships with AI firms like OpenAI and Anthropic to enhance Siri's capabilities starting in 2026, marking a significant shift in its AI strategy [1] - Despite a 15.86% decline in AAPL stock during H1 2025, investor confidence remains high due to expectations surrounding AI initiatives [2][3] - The company is focusing on head-mounted devices, with at least seven projects underway, including smart glasses and vision-based products, which are seen as key to future growth [4][5] Financial Performance - AAPL's P/E ratio stands at approximately 31.9, indicating investor belief in the company's potential to deliver on AI initiatives [3] - Tariff threats could impact earnings per share by 7% in the 2025 fiscal year if tariffs on key manufacturing countries are upheld [7] - Despite short-term challenges, AAPL's market capitalization exceeds $3 trillion, reflecting its strong position in the market [9] Innovation and Product Development - Apple is working on extended reality (XR) glasses with advanced features, aiming for production to begin in Q2 2028, which could support long-term growth [6] - The anticipated launch of smart glasses in 2027 is generating optimism among investors regarding their market impact [5][9] Market and Trade Considerations - The company faces challenges due to the current trade environment, particularly with tariffs that could affect its supply chain and production strategies [7][10] - Investors are advised to monitor US trade deals that may influence Apple's operations and supply chain dynamics [8]

Core Insights - Samsung is expanding its wearable technology lineup beyond smartwatches to include new form factors such as glasses, earrings, and necklaces [1][2] - The company aims to create devices that allow users to communicate and perform tasks without the need for smartphones [1][2] Product Development - Samsung's COO, Won-joon Choi, emphasized the vision for wearables that are seamlessly integrated into daily life, suggesting that they should be items that users wear rather than carry [2] - The company is collaborating with Google to develop smart glasses and is also working on an advanced microdisplay for augmented reality (AR) glasses [2]

Investment & Collaboration - Social media giant invested in EssilorLuxottica SA [1] - EssilorLuxottica SA collaborated with Meta on smart glasses [1]

Company Overview - Vuzix Corporation is a leading supplier of smart glasses, waveguides, and augmented reality (AR) technologies, focusing on enterprise, medical, defense, and consumer markets [5] - The company has over 425 patents and patents pending in optics and AR wearables, and has received multiple innovation awards from the Consumer Electronics Show from 2005 to 2024 [5] Industry Position - Vuzix has been recognized for its leadership in next-generation wearable displays and advanced waveguide optics, which are crucial for AR innovation [3] - The company’s inclusion in the Russell 3000® Index is seen as a validation of its strategy and a catalyst for increased institutional engagement [3] Russell Index Inclusion - Vuzix was added to the Russell 3000® Index effective June 27, 2025, which includes the 3,000 largest US stocks ranked by total market capitalization [1][2] - Membership in the Russell 3000® Index also ensures automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index, along with relevant growth and value style indexes [2] Market Impact - Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes, indicating the significance of Vuzix's inclusion for potential investment opportunities [3][7]

Product Roadmap - Apple Vision 系列和智能眼镜的路线图规划时间为 2025 年至 2028 年 [1] - 智能眼镜有望驱动消费电子产品的下一波浪潮 [1]

Market Opportunity - The AR smart glasses market is projected to reach 1 billion units by 2030, potentially generating $60 billion per year with a waveguide ASP of $60[22] - Vuzix aims to capture a 10% share of the waveguide market, resulting in $6 billion per year[22] - The enterprise smart glasses market is projected to experience a 20x-50x unit increase by 2028[25] - Vuzix targets a 20% share of the enterprise smart glasses market, translating to $50 million - $200 million per year, based on a TAM of $250 million - $1 billion per year at an ASP of $1000[24] Waveguide Technology and Manufacturing - Vuzix can design and fabricate a customized waveguide in approximately three months[36] - Vuzix has expanded its waveguide production capacity to over 1 million units per year in 2023/2024, with plans to further expand to 20 million to 40 million units per year by 2028, depending on market demand[62] - Vuzix's waveguide production cost is estimated to be 1/10th of the competition's cost[73] - Vuzix's waveguide facility can expand up to approximately 39,000 sqft[49] Strategic Partnerships and Products - Vuzix has a strategic partnership with Quanta, including a $20 million investment, focused on waveguide supply chain, product design, and manufacturing[109] - The LX1 smart glasses are expected to be released in the fall of 2025, featuring a 720p OLED display, 12MP camera, and Android 15[86] - Vuzix acquired Moviynt in November 2022, a SAP certified SaaS based ERP solution provider[95]

Group 1 - Apple plans to change its operating system naming convention to identify them by the upcoming year instead of version numbers, starting with iOS 26, iPad OS 26, macOS 26, watchOS 26, tvOS 26, and visionOS 26 [1][2] - The change aims to reduce confusion caused by the current system where operating systems have different numbers due to their staggered release times [2] - Apple is expected to announce this change on June 9 during its Worldwide Developers Conference [3] Group 2 - The upcoming operating systems will feature significant upgrades, including a major overhaul of the Mac and iPhone interfaces, the first since 2020 and 2013 respectively [3] - The revamp will include updates to the style of icons, menus, apps, windows, and system buttons, along with simpler navigation and control across devices [4] - Apple is also working on AI-enhanced smart glasses, expected to launch by the end of 2026, which will compete with Meta's Ray-Bans [4][5] Group 3 - The smart glasses are anticipated to include features such as cameras, microphones, speakers, and the Siri voice assistant, enabling functionalities like phone calls, music playback, live translations, and turn-by-turn directions [5] - This smart glasses project is part of a broader initiative by Apple to develop a "breakthrough AI product" [5]