Snap (SNAP) Reveals Specs AR Glasses Priced at $2,195
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowSnap (SNAP) has introduced its first augmented reality glasses, Specs, priced at $2,195 with a $200 refundable deposit. This new product represents a significant price increase over Snap's previous $130 Spectacles, which failed to gain traction. The Specs are expected to ship in the U.S., U.K., and France later this year. Following the announcement, Snap shares dipped approximately 4% in midday trading, as investors remain cautious about the company's ability to compete against better-capitalized rivals such as Meta and Google in the AR market.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Meta Platforms Inc. (META)
Meta Platforms owns Facebook, Instagram, WhatsApp, and Messenger, earning almost all of its revenue from digital advertising while investing heavily in AI and the metaverse.
The Communication Services sector covers media, entertainment, telecom and interactive companies that connect and inform people.
Earlier META news
- Meta (META) Spends $14 Billion on AI and Faces Stock Decline
- SpaceX Sparks Debate Over Tech-Stock Nickname for Mag 7
- Alphabet (GOOGL) Raises Capital Through Successful Equity Issuance
- Meta (FB) Partners with Reliance for AI Data Center in India
- Meta (META) Partners with Reliance for AI Data Center Initiative
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
