After unveiling ridiculously expensive AR glasses, Snap’s stock takes a dive
Snap's stock has declined following the unveiling of its new SPECS augmented reality glasses, priced at $2,195.
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📍 How it ended
Snap unveiled SPECS augmented reality glasses priced at $2,195. The company's stock fell following the launch.
The story quieted without a definitive conclusion in the coverage.
Epilogue added 15d ago, after coverage quieted.
The brief
Snap has introduced SPECS, a new line of augmented reality glasses. CEO Evan Spiegel has positioned the device as a bet on a post-smartphone future. Following the announcement, Snap's stock price experienced a decline.
Coverage from CNBC, TechCrunch, and Yahoo Finance emphasizes the high $2,195 price point and the subsequent market reaction. Additionally, PCMag and CNET highlight hardware concerns, describing the glasses as chunky and noting a design that bends the ears. Future developments depend on the market's response to the pricing and hardware design.
Analyst estimates cited by Yahoo Finance suggest the development costs for the glasses may have been substantial.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 33d ago.
Quick answers
How much do the new Snap AR glasses cost?
The SPECS augmented reality glasses are priced at $2,195.
How has the market reacted to the launch?
According to reports from TechCrunch and Yahoo Finance, Snap's stock took a dive following the unveiling.
What are the primary criticisms of the hardware?
PCMag and CNET describe the glasses as chunky and note that the design bends the ears.
Coverage (8)
- Snap's New Specs AR Glasses Bend Your Ears. That's a Problem PCMag · 35d ago
- Snap's New Specs Are Chunky, Pricey and I Really Need to Try Them CNET · 35d ago
- Snap's $2,195 AR glasses may have cost an insane amount to develop, analyst estimates Yahoo Finance · 35d ago
- Software Slump Resumes; Snap’s Spectacle The Information · 35d ago
- Stock Market Today, June 16: Snap Falls After Launch of $2,195 AR Glasses Yahoo Finance · 35d ago
- Introducing SPECS Augmented Reality Glasses Snap Newsroom · 35d ago
- Snap unveils $2,195 AR glasses as CEO Evan Spiegel bets on post-smartphone future CNBC · 35d ago
- After unveiling ridiculously expensive AR glasses, Snap’s stock takes a dive TechCrunch · 35d ago
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