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takyon writes:

Snap's take on smartglasses has reportedly failed to live up to expectations:

A year ago, Snapchat was so excited about its first hardware product that it renamed itself Snap Inc. With the launch of Spectacles, CEO Evan Spiegel decided, the company would no longer be defined solely by the Snapchat app. It was not a social media company, he told the Wall Street Journal, but a camera company. Internet-connected photography, he philosophized, necessitated a "a reinvention of the camera."

Yeah, not so much. Citing "two people close to the company," the Information reported Monday that Snap had "badly overestimated demand" and now has "hundreds of thousands of unsold units sitting in warehouses, either fully assembled or in parts." This comes just weeks after Spiegel said at a Vanity Fair summit that Spectacles sales had "exceeded our expectations," topping 150,000. If the Information's reporting is accurate, then Spiegel's claim, well ... isn't. (A Snap spokesperson declined my request for comment.)

Regardless of who's telling the truth, it already seemed clear from Snap's first two earnings reports that Spectacles were fizzling. As Business Insider pointed out in August, the company reported just $5.4 million in "other" revenue in its second quarter, down from $8.3 million in its first quarter. Spectacles are presumed to make up the bulk of revenue in this category. It's one thing to only sell 150,000 of a product in its first year, as long as sales are growing. If they're already tailing off, that suggests the product might be doomed.

The devices let users record 10-30 seconds of video at a time. They are transferred to a smartphone wirelessly and can then be uploaded to Snapchat.

takyon writes:

Despite disappointing results for its first (test?) run, Snap(chat) has released a second generation of its Spectacles wearable camera:

Snap today released the next generation of Spectacles, its wearable camera, with new features for taking photos and water resistance. The sunglasses, which have the same striking form as the first-generation model, have been slimmed down and now come in three jewel tones: onyx (black), ruby (red), and sapphire (blue). They're available to order starting today at Spectacles.com for $150 — $20 more than the previous model.

If you've followed the story of Spectacles so far, you know that the first version proved to be a costly misstep for Snap Inc. Although reviewers were generally impressed with their whimsical design, Snap made far more units than the 150,000 or so that it ultimately sold. The company wrote down nearly $40 million in merchandise, and laid off about a dozen people.

Even worse, from the company's perspective, is that people who bought Spectacles didn't use them for very long. According to Business Insider, less than half of users continued to use Spectacles a month after buying them. They were presented as the future of communication, but the first iteration of Spectacles felt more like a toy — a relatively cheap novelty that people used a handful of times before stuffing into a drawer.

Also at TechCrunch, The Guardian, Adweek, and Macworld.

Original Submission

takyon writes:

The company formerly known as Snapchat is launching new styles for its wearable camera glasses:

If the main hangup that's kept you from purchasing Snap's Spectacles has been their design, two new models that the company is introducing today might eliminate those hesitations. Snap has just announced the new Veronica and Nico styles of Spectacles 2. They contain all the same features and recording quality improvements as the model first introduced in April, but this time inside a more traditional look. It maybe won't be quite so obvious that you're wearing Spectacles anymore.

The new models of Spectacles are also different in a couple of other ways: they've got polarized lenses, and they come with a nondescript, black "semi-soft" case instead of the bright yellow hard case you get with the original Spectacles 2. Both the Veronica and Nico styles are available starting today for $199 in "limited quantities" at launch. This fall, they'll also be sold at select Nordstrom and Neiman Marcus stores in the US and a variety of retailers in Europe. And like before, Snap's partner Lensabl will let customers order prescription lenses for their glasses. Both models are only available in black for the time being.

Snap says that since the introduction of Spectacles 2, users have been posting, on average, 40 percent more photos and videos captured with the glasses. The company has also made it easier to share that content on other platforms outside Snapchat by adding automatic camera roll saves and by allowing users to export video in more conventional square and horizontal formats.

Check the article for several images of models looking cheerful while wearing the device.

Also at Engadget and TechCrunch.

Previously: Snapchat's Spectacles: A Bad Idea in Hindsight
Snapchat Takes a Second Shot at Wearable Camera "Spectacles"

Original Submission

takyon writes:

Snapchat's PR firm sues influencer for not promoting Spectacles on Instagram

Influencer marketing could get a lot more accountable if Snapchat's PR firm wins this lawsuit. Snapchat hoped that social media stars promoting v2 of its Spectacles camera sunglasses on its biggest competitor could boost interest after it only sold 220,000 of v1 and had to take a $40 million write-off. Instead, Snap comes off looking a little desperate to make Spectacles seem cool.

Snap Inc. commissioned its public relations firm PR Consulting (real imaginative) to buy it an influencer marketing campaign on Instagram. The firm struck a deal with Grown-ish actor Luka Sabbat after he was seen cavorting with Kourtney Kardashian. Sabbat got paid $45,000 up front with the promise of another $15,000 to post himself donning Spectacles on Instagram.

He was contracted to make one Instagram feed post and three Stories posts with him wearing Specs, plus be photographed wearing them in public at Paris and Milan Fashion Weeks. He was supposed to add swipe-up-to-buy links to two of those Story posts, get all the posts pre-approved with PRC, and send it analytics metrics about their performance.

But Sabbat skipped out on two of the Stories, one of the swipe-ups, the photo shoots, the pre-approvals and the analytics. So as Variety's Gene Maddaus first reported, PRC is suing Sabbat to recoup the $45,000 it already paid plus another $45,000 in damages.

The lawsuit might give Spectacles more exposure than Mr. Sabbat would have.

Also at Business Insider, Engadget, and Entrepreneur.

Previously: Snapchat's Spectacles: A Bad Idea in Hindsight
Snapchat Takes a Second Shot at Wearable Camera "Spectacles"
Snap Gives Spectacles a Face Lift to Look More Like Traditional Sunglasses

Original Submission

upstart writes:

Submitted via IRC for takyon

Snap will reportedly release AR-enabled Spectacles with dual cameras

Snap is reportedly set to release a new version of Spectacles with an aluminum design that packs in two cameras. Through the Snapchat app, you may be able to add augmented reality overlay effects in videos you capture with the updated Spectacles. The $350 frames will cost more than double the first version, which arrived in 2016, and will be on sale by the end of the year, according to Cheddar.

Following a $40 million write-down on the first version after Snap overestimated demand (it ordered around 800,000 pairs), it has been more conservative with orders of the device. For the second version of Spectacles, which were released earlier this year, Snap reportedly ordered 35,000 pairs, and 52,000 of a tweaked set it released in September. This time around, it's hedging its bets further by ordering around 24,000, according to the report.

Original Submission