Latest news with #smartglasses
Wall Street Journal
16 hours ago
- Business
- Wall Street Journal
EssilorLuxottica Touts Growth Potential of Smart Glasses
EssilorLuxottica EL 6.66%increase; green up pointing triangle shares rose after executives at the company behind Ray-Ban and Oakley were upbeat on the growth potential of a smart-glasses partnership with Meta META 0.69%increase; green up pointing triangle and said U.S. price increases would help it mitigate tariffs. The European eyewear company is looking to expand beyond its traditional business of making glasses and optical lenses and has pushed into the smart-eyewear market, launching products that add artificial-intelligence features under a partnership with Facebook owner Meta Platforms.
Phone Arena
17 hours ago
- Business
- Phone Arena
Ray-Ban Meta sales triple, while Apple's answer is nowhere in sight
While Apple CEO Tim Cook is reportedly dreaming of releasing AI-powered smart glasses for the masses, Meta is extending its lead in the market. The sales of the Ray-Ban Meta glasses have more than tripled in the first half of this year, and it looks like there's no one to challenge them. Meta's partner in the smart glasses development, EssilorLuxottica, just released its financial results for the second quarter and the first half of 2025, and Bloomber reports that they're glowing. The company says the sales of the Ray-Ban Meta smart glasses have grown more than 200% in the first half, and the revenue for the second quarter grew 7.3% compared to last year. Smart glasses are still a small part of both Meta and EssilorLuxottica's businesses, but both companies seem to have high expectations about them. In June, they announced a successor to the Ray-Ban model – the Oakley AI performance glasses – and the expectations for them are big. Francesco Milleri, EssilorLuxottica CEO, July 28, 2025 The Ray-Ban Meta has been on sale for almost two years, but recently, they received a bunch of new features. Some of the highlights were the wider release of the live translation feature and the glasses' ability to give answers about the things their cameras now, Meta is more or less unrivaled in the smart glasses market with little competition in sight. The company is also working on the Orion AI Glasses, which will feature a display. Recent rumors also pointed to a possible Ray-Ban model with a display, which might be released later this year. Apple seems more focused on the XR segment with rumors of an Apple Vision Pro 2. Whenever Apple joins Meta, it'd be late, but so far, there aren't even very specific rumors about such a move from the Cupertino giant. Samsung is also more focused on a different type of device. The company has announced it might be re-entering the market with Project Moohan, which would be a mixed reality headset. However, that might not be the company's vision for the future if recent reports turn out to be true. I love the idea of the Ray-Ban Meta glasses, despite my privacy concerns. It appears I am not alone, and consumers also like them, so I'd guess it's only a matter of time before we see more competition, which would be utterly exciting.
Bloomberg
a day ago
- Business
- Bloomberg
EssilorLuxottica Sales Top Estimates Amid Smart Glasses Push
By and Flavia Rotondi Save EssilorLuxottica SA posted better-than-expected revenue in the second quarter, though profit at the world's biggest eyewear maker was held back by tariffs and its investments in smart glasses. Revenue rose 7.3% at constant exchange rates to €7.18 billion ($8.36 billion) in the period, according to a statement Monday. That beat analysts' estimates for a 5.9% rise, based on a Bloomberg-compiled consensus.
Yahoo
a day ago
- Business
- Yahoo
Alibaba Stock Climbs on AI?Powered Smart Glasses Debut
July 28 - Shares of Alibaba (NYSE:BABA) climbed about 2% in early trading Monday after the e?commerce giant unveiled its first AI?powered smart glasses. Warning! GuruFocus has detected 2 Warning Signs with BABA. The Quark AI Glasses will arrive in China by year?end 2025, featuring hardware driven by Alibaba's Qwen large language model and its Quark AI assistant. Users can make hands?free calls, stream music, translate languages in real time and transcribe meetings via a built?in camera. Wearables stand as the next frontier alongside smartphones, and Alibaba aims to embed Quark more deeply into daily life. The glasses integrate with the company's ecosystem, offering navigation, Alipay payments and Taobao price comparisons without a phone. Alibaba faces a direct rivalry with Meta (NASDAQ:META) that partnered with Ray?Ban on its smart eyewear, and Chinese tech giant Xiaomi, whose own AI glasses appeared in early 2022. Hangzhou-based company has not disclosed the pricing or detailed specifications of the product, but the move highlights its aim at targeting consumer-level hardware and AI services. Shareholders will monitor how the new product can enable Alibaba to build a revenue diversification policy and strengthen revenues in its huge technology lineup. Based on the one year price targets offered by 38 analysts, the average target price for Alibaba Group Holding Ltd is $149.53 with a high estimate of $176.15 and a low estimate of $102.26. The average target implies a upside of +24.57% from the current price of $120.03. Based on GuruFocus estimates, the estimated GF Value for Alibaba Group Holding Ltd in one year is $111.74, suggesting a downside of -6.91% from the current price of $120.03. Gf value is Gurufocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the forecast page. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Alibaba Unveils AI Glasses to Rival Meta's
Alibaba Group Holdings (BABA) unveiled its first AI-powered smart glasses Monday, as the Chinese tech giant launches a wearable with features rivaling those of Meta Platforms' (META) offering with Ray-Ban. Alibaba's U.S.-listed shares, which entered Monday up more than 40% this year, are rising 1.5% in premarket trading. The Quark AI Glasses, the Chinese company's first, will be powered by Alibaba's large language model Qwen and are scheduled for official release in China by the end of the year. Alibaba's eyeglasses will be competing with those recently launched by Chinese smartphone maker Xiaomi. "Lightweight and ergonomically designed, Quark AI Glasses support hands-free calling, music streaming, real-time language translation, and meeting transcription—making them ideal for professionals, travelers, and tech-savvy users,' Alibaba said. Wearable technology such as eyeglasses or smartwatches are increasingly viewed as the next stage in AI gadgets after smartphones. Not all wearable devices have been hits, however: Google Glass was pulled by parent Alphabet (GOOGL) from the market after two failed launches since 2014. Read the original article on Investopedia Sign in to access your portfolio
