Wednesday, October 4, 2017 5:29 PM EDT
From Techcrunch……..
Gosh, something that looks that sharp isn’t blowing off the shelves? Wow. Anyway, they don’t report their “earnings” (umm, losses) until November 9, so we’ll see how that goes.
(Click on image to enlarge)
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Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.
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While I wasn't a fan of these glasses, I did think it would be a short lived fad. Only 150,000 units sold is pathetic.
A new updated version will be coming out soon which will integrate augmented reality. If the timing is right, that could be pretty big:
techcrunch.com/.../snap-is-developing-a-second-version-of-spectacles-which-may-include-augmented-reality/
"Onstage today at the Vanity Fair Establishment Summit, Snap CEO Evan Spiegel disclosed that the company had sold “over 150,000 units” of Spectacles sunglasses. Spiegel interestingly compared Spectacles sales to those of the original iPod, claiming that Spectacles had outsold the device."
Mr. Spiefel, you are no Steve Jobs. #Snap is not looking good. And neither are those glasses.