Business Wire
BusinessEli Lilly’s reported $2.9B Merida acquisition sparks M&A chatter as SLS and IBRX rebound after AugustThe Apex TimesBusinessElon Musk’s chip preference spotlights Nvidia’s edge over AMD, but investors still watch executionThe Apex TimesBusinessTesla shares outpaced Rivian and Chinese EV rivals in August as Robotaxi rollout inched higher, traders looked ahead to the next Cybercab pushThe Apex TimesBusinessModerna shares surge 156% in August as investors bet on clinical progressThe Apex TimesBusinessMing-Chi Kuo says Nvidia has revived Rubin CPX after it seemingly vanished from the AI roadmapThe Apex TimesBusinessApple’s next CEO arrives with a different kind of power: money, and an AI testThe Apex TimesBusinessTesla and Einride set first 2026 delivery timeline for 500 Semi trucksThe Apex TimesBusinessZonPrep buys inbound-inventory software and services, betting on Amazon logistics automationThe Apex TimesBusinessNvidia pauses part of its AI customer financing after a strong quarter, raising questions about timingThe Apex TimesBusinessBoeing Teams With Thailand’s Civil Aviation Authority to Roll Out Competency-Based Pilot Training Across the CountryThe Apex TimesBusinessApple CEO transition hands AI test to John Ternus as AAPL slipsThe Apex TimesBusinessAnthropic reportedly signs $35 billion cloud deal involving Nvidia-backed Lambda and a Texas data-center leaseThe Apex TimesBusinessEli Lilly’s reported $2.9B Merida acquisition sparks M&A chatter as SLS and IBRX rebound after AugustThe Apex TimesBusinessElon Musk’s chip preference spotlights Nvidia’s edge over AMD, but investors still watch executionThe Apex TimesBusinessTesla shares outpaced Rivian and Chinese EV rivals in August as Robotaxi rollout inched higher, traders looked ahead to the next Cybercab pushThe Apex TimesBusinessModerna shares surge 156% in August as investors bet on clinical progressThe Apex TimesBusinessMing-Chi Kuo says Nvidia has revived Rubin CPX after it seemingly vanished from the AI roadmapThe Apex TimesBusinessApple’s next CEO arrives with a different kind of power: money, and an AI testThe Apex TimesBusinessTesla and Einride set first 2026 delivery timeline for 500 Semi trucksThe Apex TimesBusinessZonPrep buys inbound-inventory software and services, betting on Amazon logistics automationThe Apex TimesBusinessNvidia pauses part of its AI customer financing after a strong quarter, raising questions about timingThe Apex TimesBusinessBoeing Teams With Thailand’s Civil Aviation Authority to Roll Out Competency-Based Pilot Training Across the CountryThe Apex TimesBusinessApple CEO transition hands AI test to John Ternus as AAPL slipsThe Apex TimesBusinessAnthropic reportedly signs $35 billion cloud deal involving Nvidia-backed Lambda and a Texas data-center leaseThe Apex TimesBusinessEli Lilly’s reported $2.9B Merida acquisition sparks M&A chatter as SLS and IBRX rebound after AugustThe Apex TimesBusinessElon Musk’s chip preference spotlights Nvidia’s edge over AMD, but investors still watch executionThe Apex TimesBusinessTesla shares outpaced Rivian and Chinese EV rivals in August as Robotaxi rollout inched higher, traders looked ahead to the next Cybercab pushThe Apex TimesBusinessModerna shares surge 156% in August as investors bet on clinical progressThe Apex TimesBusinessMing-Chi Kuo says Nvidia has revived Rubin CPX after it seemingly vanished from the AI roadmapThe Apex TimesBusinessApple’s next CEO arrives with a different kind of power: money, and an AI testThe Apex TimesBusinessTesla and Einride set first 2026 delivery timeline for 500 Semi trucksThe Apex TimesBusinessZonPrep buys inbound-inventory software and services, betting on Amazon logistics automationThe Apex TimesBusinessNvidia pauses part of its AI customer financing after a strong quarter, raising questions about timingThe Apex TimesBusinessBoeing Teams With Thailand’s Civil Aviation Authority to Roll Out Competency-Based Pilot Training Across the CountryThe Apex TimesBusinessApple CEO transition hands AI test to John Ternus as AAPL slipsThe Apex TimesBusinessAnthropic reportedly signs $35 billion cloud deal involving Nvidia-backed Lambda and a Texas data-center leaseThe Apex TimesBusinessEli Lilly’s reported $2.9B Merida acquisition sparks M&A chatter as SLS and IBRX rebound after AugustThe Apex TimesBusinessElon Musk’s chip preference spotlights Nvidia’s edge over AMD, but investors still watch executionThe Apex TimesBusinessTesla shares outpaced Rivian and Chinese EV rivals in August as Robotaxi rollout inched higher, traders looked ahead to the next Cybercab pushThe Apex TimesBusinessModerna shares surge 156% in August as investors bet on clinical progressThe Apex TimesBusinessMing-Chi Kuo says Nvidia has revived Rubin CPX after it seemingly vanished from the AI roadmapThe Apex TimesBusinessApple’s next CEO arrives with a different kind of power: money, and an AI testThe Apex TimesBusinessTesla and Einride set first 2026 delivery timeline for 500 Semi trucksThe Apex TimesBusinessZonPrep buys inbound-inventory software and services, betting on Amazon logistics automationThe Apex TimesBusinessNvidia pauses part of its AI customer financing after a strong quarter, raising questions about timingThe Apex TimesBusinessBoeing Teams With Thailand’s Civil Aviation Authority to Roll Out Competency-Based Pilot Training Across the CountryThe Apex TimesBusinessApple CEO transition hands AI test to John Ternus as AAPL slipsThe Apex TimesBusinessAnthropic reportedly signs $35 billion cloud deal involving Nvidia-backed Lambda and a Texas data-center leaseThe Apex Times
Back to front
Meta plans a new, cheaper smart-glasses line, reported in tie-up with EssilorLuxottica
The Apex Times

THE APEX TIMES

Business/The Apex Times/Jun 29, 4:16 AM EDT

Meta plans a new, cheaper smart-glasses line, reported in tie-up with EssilorLuxottica

A Reuters report carried by Yahoo Finance says Meta Platforms is working on an updated smart-glasses lineup that targets a lower price point, continuing its push into augmented reality hardware with EssilorLuxottica.

Meta Platforms is preparing what a Reuters report described as a new line of smart glasses, this time designed to be cheaper than earlier versions, according to an article published June 29 on Yahoo Finance.

The report says Meta would be partnering with EssilorLuxottica, the eyewear company, as it develops the next glasses offering. The update matters because smart glasses remain a tough consumer category, where demand is closely linked to comfort, battery life and especially price.

While the Yahoo Finance post reiterates the cheaper-price goal and the EssilorLuxottica relationship, it does not provide additional specifics in the materials available here, such as the targeted retail price, a launch date, or whether the product will use the same underlying hardware design as prior Meta wearables.

Meta has publicly framed smart glasses as part of a broader augmented reality and wearable-computing strategy, and hardware rollouts are typically coupled with software and ecosystem decisions such as app compatibility, camera and audio capabilities, and developer support. However, the June 29 report does not spell out those product changes, limiting how precisely the update can be characterized beyond a pricing shift and a continuing partnership.

For the broader market, lower-cost smart glasses are a persistent industry theme. Success requires balancing bill-of-materials and manufacturing complexity against the features that users expect, from stabilizing video capture to reliable connectivity and on-device controls. Meta’s reported attempt to reduce cost would, if accurate, announcement an effort to narrow the gap between early adopter hardware and mainstream consumer affordability.

Investors also watch smart-glasses announcements for indicates about how Meta is prioritizing spending, since hardware research and supply-chain commitments can be material even when revenue is still ramping. In the materials provided, Meta does not disclose any financial targets, expected production volumes, or gross margin implications tied to the new glasses line.

As of this writing, key details remain unconfirmed in the accessible post, including what “cheaper” means in dollar terms, whether Meta plans multiple models or a single SKU, and what, if any, new capabilities would distinguish the next generation. The company also does not appear, from the materials reviewed here, to have issued a separate, detailed product announcement tied to the Reuters report.

What to watch next is whether Meta, EssilorLuxottica, or both provide additional disclosure around pricing, availability, and feature differences. A concrete specification sheet, retail timing, or an official product page would help clarify how the cost-reduction goal is being executed and whether Meta expects a wider rollout beyond early-market channels.

Why It Matters

  • Lower-priced smart glasses could broaden the addressable customer base if Meta can reduce hardware and manufacturing costs without cutting key user features.
  • Continuing the EssilorLuxottica relationship suggests Meta intends to sustain a consumer-eyewear distribution and design approach, which can be important for adoption.
  • The announcement, even without detailed specs, adds to investor focus on Meta’s hardware roadmap and how it balances investment with monetization prospects.
  • The lack of disclosed pricing and launch details means near-term conclusions about commercial impact should remain cautious until more information is published.

Sources

Key Facts

  • A June 29 Yahoo Finance post, describing a Reuters report, said Meta is preparing a new line of smart glasses aimed at being cheaper than earlier versions.
  • The report links Meta’s next smart-glasses effort to a partnership with EssilorLuxottica.
  • The accessible materials do not provide a specific price, launch timeline, or detailed feature set for the new glasses line.
  • No production volumes, revenue expectations, or margin targets are disclosed in the materials available here.

Technology Related

Sep 1, 12:07 AM EDT
The Apex Times

Apple CEO transition hands AI test to John Ternus as AAPL slips

John Ternus takes over as Apple’s chief executive role as Phil Schiller steps back, with market attention focused on how leadership changes could affect ongoing work on artificial intelligence initiatives. Apple shares slid in early trading following the transition reports.

Apple CEO transition hands AI test to John Ternus as AAPL slips
The Apex Times