A Smartphone-Like Revolution? Meta and Ray-Ban Brand Owner Develop a Joint Project
The French-Italian concern EssilorLuxotica reported consolidated net revenues of USD 8.1 billion in the third quarter, which represents an increase of 11.7% year-on-year.
In a stock exchange announcement, the company announced that the largest revenue growth occurred in the smart glasses segment. Customer interest is growing quarterly, and joint work with Meta Platforms on new solutions is very promising.
Demand for AI-enabled glasses is driving sales growth, and demand has prompted us to accelerate our eyewear production capacity plans compared to previous assumptions, EssilorLuxottica said in a statement.
According to Barclays bank analysts, smart glasses may prove to be a breakthrough solution comparable to the widespread use of mobile telephony.
The latest flagship Ray-Ban Meta models, in integrated lens versions, range in price from $379 to $799. They are currently available at a limited number of Ray-Ban retail stores.
They will go on sale in Italy, Canada, the UK, and France in 2026. Google, Apple, and Samsung are also working intensively on similar solutions.
EssilorLuxottica shares on the Paris Stock Exchange rose today by €36.50 (13.40%) to €313.50.
Journalist, graduate of political science at the Faculty of Law and Administration of the Jagiellonian University. Associated with the media for over 40 years. After graduating in 1982, he worked on the editorial staff of "Gazeta Krakowska" and "Kurier Polski." A member of the editorial team of "Przegląd Techniczny." He has published articles in "Student," "Przekrój," and "Życie Literackie." Since the economic and political transformation, he has been associated with Reuters as a correspondent in Krakow for over 20 years. For the next three years, he conducted practical classes with students at the Institute of Journalism, Media, and Social Communication of the Jagiellonian University. Since December 2021, he has joined the PTWP Group and works for the WNP.PL portal. His main professional interests include economics and politics at the global level and the participation of Polish business in this field, particularly companies listed on the Warsaw Stock Exchange. Winner of the "Ostra Pióra" award, granted for "spreading economic education" by the BCC, as well as the Golden Pear - a journalistic award of the Małopolska Branch of the Association of Journalists of the Republic of Poland.
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