Snap IncSnap's new $2,200 Specs glasses launch drew skepticism over target buyer and use case, with the panel doubting mainstream adoption.
Snap has launched its latest version of Specs, priced at about $2,200, with a more expensive version around $2,400 that does not require Wi-Fi to use, and a new partnership with Verizon to sell them. On Yahoo Finance, Payne Capital Management President Ryan Payne joined Julie Hyman and Jake Conley to debate who the target buyer is and what the real-world use case is for the product. Payne said he does not understand the buyer or the use case outside very specific scenarios, and raised litigation concerns about recording conversations in states where consent is required. The panel noted Snap's stock is down roughly 90% over the last five years and compared the glasses to past products like the stylus and flip phone that failed to win mainstream adoption, while also pointing to Meta's similar efforts. The discussion also touched on the recording feature, with the group noting that wearing such glasses could become socially suspicious.
Snap IncSnap's new $2,200 Specs glasses launch drew skepticism over target buyer and use case, with the panel doubting mainstream adoption.
Apple Inc.
Meta Platforms Inc.
Verizon Communications IncVerizon is named as the retail partner to sell Snap's Specs glasses, a minor distribution tie-in.