financetom
Business
financetom
/
Business
/
Snap to launch smart glasses for users in 2026 in challenge to Meta
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Snap to launch smart glasses for users in 2026 in challenge to Meta
Jun 10, 2025 11:05 AM

(Reuters) -Snap will launch its first-ever smart glasses for all consumers next year, ratcheting up competition with bigger rival Meta in the wearable technology market.

The augmented reality smart glasses, called Specs, will be lightweight, the social media company said on Tuesday.

Long known for its messaging app Snapchat and animated filters, Snap has been doubling down on AR, which can overlay digital effects onto photos or videos of real-life surroundings through a camera or lens.

Integrating technology into wearable products can open up new lucrative markets and diversify revenue streams for Snap amid an uncertain digital ad market due to changing U.S. trade policies.

The company had launched its 5th generation of Spectacles glasses in September, but these were only available to developers.

The company has invested more than $3 billion over 11 years developing its augmented reality glasses, Snap co-founder and CEO Evan Spiegel said at the Augmented World Expo 2025 on Tuesday.

"Before Snapchat had chat, we were building glasses."

The popularity of Meta's Ray-Ban Meta smart glasses developed in partnership with EssilorLuxottica have prompted companies such Google to explore similar investments.

Meta continues to add AI features to its glasses to attract more consumers.

Snap said it would partner with augmented reality and geospatial technology platform Niantic Spatial to enhance the Lens Studio, which is an application used by creators to design, animate and publish AR lenses for Snapchat camera, and Specs.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Form 8.3 - SPECTRIS PLC
Form 8.3 - SPECTRIS PLC
Oct 28, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Verition Fund Management LLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee...
Form 8.3 - ALPHAWAVE IP GROUP PLC
Form 8.3 - ALPHAWAVE IP GROUP PLC
Oct 28, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Verition Fund Management LLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee...
Form 8.3 - BAKKAVOR GROUP PLC
Form 8.3 - BAKKAVOR GROUP PLC
Oct 28, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Verition Fund Management LLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee...
Virtu Financial Positioned for Growth After Recent Pullback, BofA Says
Virtu Financial Positioned for Growth After Recent Pullback, BofA Says
Oct 28, 2025
10:59 AM EDT, 10/28/2025 (MT Newswires) -- Virtu Financial ( VIRT ) presents a buying opportunity following recent underperformance, as the market maker's valuation has fallen well below historical levels and it remains positioned for long-term growth, BofA Securities said Tuesday in a report. BofA is implying about 33% upside from Monday's close. The firm said Virtu's shares have derated...
Copyright 2023-2026 - www.financetom.com All Rights Reserved