According to a report, Snapchat is said to be planning on releasing a new version of its Spectacles glasses with two cameras and a higher price point of $350 by the end of the year. The new Spectacles is internally codenamed Newport and will feature an all-new design with a more premium frame made of aluminum and cameras capable of producing augmented reality effects in videos. The $350 price tag is more than double the cost of the first iteration of Spectacles, which were released in 2016. By utilizing two cameras, the Snapchat app will be able to overlay AR lenses and create 3D-like photo effects from footage taken by the Spectacles. The new hardware is in-line with CEO Evan Spiegel’s grand vision of eventually creating eyewear technology that seamlessly overlays virtual objects onto the real world. Despite the setbacks with the Spectacles, CEO Spiegel is planning to develop future iterations of Spectacles for years to come. Snap recently created a plan to invest money on its hardware efforts until reaching break-even in 2020. And last month, the company’s “Snap Lab” hardware group hired the former president and COO of ICON Aircraft, Steen Strand, to be director of product design. To better manage its ...
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