Apple Glass, Potential Competitor To Ray-Ban Meta Smart Glasses, May Take Longer To Develop: Report
Portfolio Pulse from Ananya Gairola
Apple's development of its AR smart glasses, Apple Glass, is still in early stages and may not be ready until after 2027. This delay contrasts with Meta's recent launch of Ray-Ban smart glasses featuring Meta AI.
June 24, 2024 | 3:12 am
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NEGATIVE IMPACT
Apple's AR smart glasses, Apple Glass, are still in early development stages and may not be ready until after 2027, which could delay potential revenue from this product line.
The delay in the development of Apple Glass suggests that Apple may not see revenue from this product line for several more years, which could impact investor expectations and short-term stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Meta's Ray-Ban smart glasses, featuring Meta AI, are already on the market, giving Meta a head start in the AR smart glasses space compared to Apple's delayed Apple Glass.
Meta's early entry into the AR smart glasses market with its Ray-Ban smart glasses could give it a competitive advantage and potentially boost its market share and revenue in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80