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Snap CEO Evan Spiegel sidestepped investors’ questions about preorder demand for the company’s long-awaited Specs smart glasses during Monday’s earnings call, just weeks before the device’s September launch event. “What we’re hearing from folks is really that they want to try Specs,” Spiegel told investors. “It’s obviously a high consideration purchase at $2,195. Obviously, developers…
Snap’s long-awaited AR glasses, Specs, didn’t have the best debut. The company’s stock hasn’t been on the healthiest trajectory lately. It’s dropped 30% over the past year. Following Specs’ launch, it sank more than 5% — falling from $5.86 a share on Tuesday to a low of $4.83 on Wednesday morning. As of this writing,…
Snap has announced a new partnership between its AR-glasses focused subsidiary, Specs, and chipmaker Qualcomm, as the company revs up for the release of its wearable later this year. The Snapchat creator has been teasing the release of the glasses—dubbed Spectacles, or merely Specs—for a long time and, earlier this year, it spun off a…
Snap is on a mission to diversify its revenue sources—moving from a business model in which it largely chases ad revenue to one where it can also make money through subscriptions and, eventually, hardware. The company’s latest quarterly earnings report shows that, so far, the firm is having moderate success with that strategy. In Q4,…
“#Valve’s Handheld Device, Steam Deck Pre-Orders Begin!” Valve, the gaming giant which brought you Steam, has some very interesting news for gaming enthusiasts. They just announced the launch of a handheld gaming device that would be called Steam Deck. A device capable of running almost every AAA title on Steam! Boasting a 7-inch display, the…