Snap introduces SPECS augmented reality glasses
The glasses feature AI, a 51-degree field of view, and up to four hours of battery life, with pre-orders starting at $2,195.
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Camera-focused social media and augmented reality company
snap.comLast updated
In short: Snap cut its workforce by 16%, reported narrowing net losses, and shifted focus toward AI-driven development and next-generation AR Spectacles.
The glasses feature AI, a 51-degree field of view, and up to four hours of battery life, with pre-orders starting at $2,195.
Younger teens can create and showcase Stories and Spotlight videos on a profile visible only to friends, enhancing privacy.
The upgrade to BB- reflects improved financial performance and outlook.
Revenue rises 12% to $1,529 million. Net loss narrows to $89 million. DAU grows to 483 million. Adjusted EBITDA reaches $233 million.
Snap’s $2,195 “Specs” received an underwhelming response from consumers and analysts, with many contending that the AR ...
Snap's long-awaited smart glasses debut hasn't exactly done wonders for the company's stock.
Snap's stock was extending its declines, as the weight of its new ultraexpensive augmented-reality glasses is seen as a potential "nonstarter for mass appeal...
Benchmark reiterates Snap stock rating as new Specs device targets developers...
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