Some would say its about to make the same mistake again, but its clear Snap still hasn’t given up on its failed Spectacles idea. As spotted by Variety, the FCC just published a filing made by the company for a wearable video camera.
Unfortunately there is little in terms of actual technical specs and there are no device photos. But the fact that the product is referred to as “Model 002” indicates that this is a second generation device. Further digging reveals that the new model will feature the 802.11ac Wifi standard, which points to improved file transferring capabilities. Its also possible the specs will feature a redesigned frame.
The new information follows last month’s report in financial news site Cheddar, indicating that the company has not one but two new versions of its smart glasses in the works. Both will be upgraded with bug fixes, they will offer new colours and water-resistance.
The more advanced model will be made of aluminum, come with a leather case, it will feature two cameras for 3D depth effects and built-in GPS. This one will be released in 2019 and could cost up to $300. The lower specs one could see the light of day as soon as this Fall.
Launched back in 2016, Snap built hype around the smart specs with sporadic sales that made the glasses hard to find. When they were perceived as a hot commodity, hundreds of people camped out in front of stores hoping to get their hands on the camera equipped specs. There were even reports of some spending upwards of $1,000 on eBay to avoid the queues.
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But late last year it emerged the company was sitting on hundreds of thousands of unsold pairs. All in all, Snap sold over 150,000 spectacles, which was far below what it originally anticipated. As enthusiasm around the specs died down, Snap ultimately booked a $40 million loss on costs “related to Spectacles inventory”.
Unsurprisingly, the company is scaling down its expectations this time around and planning to sell fewer sets of glasses. Snap is also looking to license the technology to eyewear makers like Luxottica and Warby Parker.
Cheddar goes on to say that the company intends for future versions of Spectacles to incorporate AR capabilities. But this may be several years down the line.
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