Snap Inc. (NYSE:SNAP) stock fell during Wednesday's trading session as Wall Street pushed back heavily against the company's newly debuted, high-priced SPECS augmented reality (AR) glasses.
The technology company officially unveiled the product on Tuesday, marking a strategic pivot toward standalone wearable hardware.
Device Specifications and Market Pricing
According to a company press release, the see-through AR glasses are available for pre-order at a retail price of $2,195, requiring a $200 refundable deposit.
Snap expects to ship the product this fall to consumers in the United States, the United Kingdom and France. The hardware weighs between 132 and 136 grams, depending on the model size, and features a 51-degree field of view alongside a 7-millisecond motion-to-photon latency.
