Ray-Ban Meta smart glasses revenue tripled over the year, EssilorLuxottica says

Bloomberg | Bloomberg | Getty ImagesRevenue from sales of Ray-Ban Meta smart glasses more than tripled year over year, EssilorLuxottica revealed Monday as part of the company's most recent earnings report (something worth watching)

Moreover, EssilorLuxottica said the success of the Ray-Ban Meta glasses, built via a partnership with the Facebook parent stemming back to 2019, contributed to its first-half overall sales of 14 (this bears monitoring). 02 billion euro (US$16. 25 billion), which represents a 7. 3% year-over-year jump (remarkable data), in today's financial world. "We're leading the transformation of glasses as the next computing platform, one where AI, sensory and a data-rich healthcare infrastructure will converge to empower humans and unlock our full potential," EssilorLuxottica CEO Francesco Milleri and deputy CEO Paul du Saillant said in a joint-statement. "The success of Ray-Ban Meta, the launch of Oakley Meta Performance AI glasses and the positive response to Nuance Audio are major milestones for us in this new frontier. "In the earnings report, the company said that its new Oakley Meta smart glasses, unveiled in June, represents the duct line to come from its partnership with the social media company

On the other hand, CNBC reported in June that Meta and Luxottica plan to debut a Prada-branded version of its smart glasses in the future, given the current landscape

Luxottica owns several well-known brands including Ray-Ban, Oakley, Vogue Eyewear and Persol

Moreover, In September, Meta renewed a long-term partnership agreement with Luxottica to "collaborate into the next decade to develop multi-generational smart eyewear ducts," according to the announcement, given current economic conditions

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