Wednesday, 17 October, 2018

Snapchat fixes its Spectacles with overhauled follow-up, but will they sell?

Analysts See $-0.33 EPS for Snap Inc. (SNAP) On May, 1 Analysts See $-0.33 EPS for Snap Inc. (SNAP)
Stacy Houston | 27 April, 2018, 00:50

In terms of price, you can pick up a pair now for £149.99, which makes them £20 more than the first Specs.

Snapchat has expected larger sales of the spectacles V1 due to which later they have to suffer a great amount of loss. CEO, Evan Spiegel reveals that the company will release a new version of its Spectacles this week. Videos recorded will be in 1216 x 1216 resolution while photos are captured in 1642 x 1642 pixels. They have a similar design to the original pair, which means you'll still have the single camera on the right side, and the light indicator to tell everyone around you that you're recording. The transfer speed between the Spectacles and a user's phone are now also three to four times faster.

Specs can now take photos as well as video, and new dual microphones capture clearer, higher quality audio.

Over the lifetime of the product, Snap sold just 220,000 units, the company says, eventually writing off unsold inventory worth nearly $40m.

Ford US to become an SUV-only brand, retains Mustang
Executives say Ford could also exit or restructure low-performing areas of its business, in an aggressive effort to save costs. Over that time, it will phase out longstanding brands such as the Ford Fiesta and Taurus from the North American market.

Snapchat on Thursday began selling a new version of its eyewear with built-in cameras after the first version failed to catch on with users of the youth-oriented social network. The stock decreased 6.97% or $1.09 during the last trading session, hitting $14.54.Snap Inc. has 46.88 million shares volume, 66.63% up from normal.

The new Spectacles look mostly the same compared to the 2016 model, but there are a couple subtle changes that help them look a lot more mature. As before, the glasses charge through their carry case.

The biggest new feature for this year's Spectacles, though, is the inclusion of water resistance. Moreover, users in the U.S. are able to order prescription Spectacles if they desire.

The final improvement is the fact that the Snapchat Spectacles 2 are now safe to take into the water - allowing you to safely dive into a pool wearing them or splash around in the ocean. The glasses are available in a variety of colors including Ruby (Red), Sapphire (Blue) and Onyx (Black). Snap teamed up with a company called Lensabl to offer the ability to swap out regular lenses for prescription ones.

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