Ad
In this article
- EL-FR
- META
Follow your favorite stocksCREATE FREE ACCOUNT
Meta on Tuesday announced a new set of $299 smart glasses, at least $80 less than the price tag for the company’s entry-level second-generation Meta Ray-Ban glasses, as CEO Mark Zuckerberg continues his push into wearables.
The Meta Glasses come with new designs and are built in partnership with Ray-Ban parent EssilorLuxottica, but they don’t come with Ray-Ban or Oakley branding.
Meta is aggressively marketing its smart glasses to consumers as eyewear competition heats up and consumers find more value in augmented reality devices. Though the smart glasses market is still small, Meta and EssilorLuxottica dominate it, with estimated market share of more than 80% and millions of units sold since they first launched in 2021.
The three Meta Glasses designs.Meta
Meta Glasses lack a screen, but they include a camera and personal speakers. Users can speak to Meta’s AI to translate or understand what they see around them, or take photos and videos of their surroundings.
Meta executives have said they see the lightweight smart glasses as a step toward a more advanced device that includes screens in the lenses with computing capabilities. Meta last year announced glasses called Ray-Ban Display glasses, which cost $799 and include a built-in display.
Zuckerberg has found more success in smart glasses than in virtual reality headsets, which were key to the company changing its name from Facebook to Meta in 2021. VR has continued to be a niche market, largely for gamers, but Zuckerberg is focused on owning a hardware platform for the artificial intelligence era.
Read more CNBC tech news
- Google’s online dominance is showing signs of cracking in AI era
- Oracle has cut 21,000 roles over the past year, adding to wave of tech AI layoffs
- Tesla faces federal probe after Model 3 slams into Texas home, killing 76-year-old
- SpaceX signs computing power deal with open-source AI startup Reflection worth up to $6.3 billion
Meanwhile, competition in the smart glasses market is picking up. Google said last month that it’s building new computerized eyewear in partnership with Warby Parker that will use its Gemini AI model. Last week, Snap announced Specs, a pair of $2,195 smart glasses that CEO Evan Spiegel positioned as the successor to the smartphone.
Meta Glasses come in three new designs, the company said. Meta also introduced a new charging stand for the glasses.
WATCH: EssilorLuxottica CEO on AI glasses
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Ad
SomaDerm, SomaDerm CBD, SomaDerm AWE (by New U Life).