Home/TECH/CHINA/Article
TECH

Snap's stock drops 25% after unveiling oversized AR glasses at launch event

Snap Inc. introduced its large augmented reality glasses, Specs, at a tech convention in California on Tuesday, with a price tag of $2,195. After the announcement, Snap's stock dropped nearly 30 percent, reflecting investor doubts about the product's potential in the market.

BRIC Team
BRIC Team
Jun 18, 2026 · 1 min read · 3 views
Snap's stock drops 25% after unveiling oversized AR glasses at launch event

Key Takeaways

  • Snap's new augmented reality glasses, Specs, are priced at $2,195 and have faced immediate ridicule for their design.
  • Following the announcement, Snap's stock dropped nearly 30 percent, signaling investor skepticism.
  • CEO Evan Spiegel called the launch the 'beginning of a new era in computing' despite widespread criticism.
  • Analyst Ben Hatton stated that Specs' bulky design and four-hour battery life make them unlikely to replace smartphones.
  • The launch coincides with Meta's privacy crisis, raising questions about Snap's commitment to user privacy.

Snap Inc. took heat from investors,consumers after unveiling its new augmented reality glasses,Specs. Priced at a staggering $2,195,their oversized design quickly became a laughing stock online.

At a California tech convention,Snap CEO Evan Spiegel introduced the glasses with exaggerated frames and reflective lenses. Critics flocked to social media,calling out the absurdity . One user said,“I can feel the headache and ear pain by just looking at these,” while another compared them to “3D glasses at an IMAX theater.” A tweet summed it up: “Who hell designed this monstrosity?”

Market reaction was just as brutal. Snap's stock nosedived almost 30%,showing investor doubts about company's future. A stark reminder of the hurdles Snap faces carving a niche in tech.

Despite backlash,Snap pushes Specs as game-changing tool to boost human connections. Spiegel called it the “beginning of a new era in computing,” promising real-time info about surroundings. Directions,object identification—features other tech firms have toyed with.

But analysts aren't convinced Specs will shake up smartphone market. Ben Hatton at FDM CCS Insight said the glasses' clunky design and short four-hour battery life won't dethrone smartphones soon. “Despite impressive features,glasses with a bulky design aren't going to replace the smartphone,” Hatton said.

Launch timing also raises eyebrows . Comes as Meta deals with a privacy scandal over its smart glasses. Spiegel stressed trust,stating “privacy has to be built in from beginning.” How Snap plans to secure user privacy? Still unclear.

With past failures in smart glasses,Snap faces uphill climb. Consumer and investor reactions suggest Specs might flop before reaching shelves. In fast-moving tech world,will Snap's gamble pay off or fade away…?

#technology#science

Share this article

Related Articles

Activist criticizes Visakhapatnam data centres for skipping public hearings and impact studies

Activist criticizes Visakhapatnam data centres for skipping public hearings and impact studies

Environmentalist Bolisetty Satyanarayana is urging closer examination of proposed data centre projects in Visakhapatnam, pushing back against local MP M. Sribharat's claims regarding their environmental safety. He cautions that such developments might harm marine ecosystems and put pressure on the local power grid, advocating for comprehensive environmental assessments prior to moving forward.

BRIC Team

Jun 18, 20262 views
PM Modi arrives in Paris, meets Indian diaspora during France visit

PM Modi arrives in Paris, meets Indian diaspora during France visit

Prime Minister Narendra Modi touched down in Paris on June 17, 2026, to join French President Emmanuel Macron at VivaTech 2026. This trip underscores deepening ties between India and France, as India presents the largest national pavilion at the event.

BRIC Team

Jun 18, 20266 views
China unveils 620 kph Maglev train prototype powered by superconducting technology

China unveils 620 kph Maglev train prototype powered by superconducting technology

On January 13, China introduced a prototype high-speed Maglev train in Chengdu, designed to reach speeds of up to 620 kilometers per hour. Set to begin operations within three to ten years, this advancement seeks to enhance China's already vast 37,000-kilometer high-speed rail network in preparation for the 2022 Winter Olympics.

BRIC Team

Jun 18, 20266 views
OnePlus launches new 16GB RAM variant of 15R smartphone in India

OnePlus launches new 16GB RAM variant of 15R smartphone in India

OnePlus has introduced a new variant of OnePlus 15R in India, boasting 16GB of RAM and 512GB of storage, with a price tag of ₹61,999. Following its launch, the model is already listed as out of stock on OnePlus India store, reflecting high demand.

BRIC Team

Jun 18, 20266 views
China considers space-based control system for high-speed rail to enhance safety

China considers space-based control system for high-speed rail to enhance safety

Researchers in Beijing have put forward a space-based train control system designed to boost safety for China's high-speed rail network. This initiative comes fifteen years after the Wenzhou disaster, which claimed 40 lives. Detailed in a paper published in May, this innovative strategy seeks to reduce risks from natural disasters, though it also brings up worries regarding possible cyber threats.

BRIC Team

Jun 18, 20266 views
Big-box stores could cut emissions and save millions by installing solar panels

Big-box stores could cut emissions and save millions by installing solar panels

Walmart boasts over 783 million square feet of rooftop space, offering the potential to produce more than 8,974 gigawatt hours of solar energy each year. Should major retailers, such as Walmart, invest in solar installations, they could supply power to nearly 8 million homes while making a substantial impact on carbon emissions.

BRIC Team

Jun 18, 20267 views