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Snap unveils latest AR glasses despite ongoing struggles in core ad business - TL;DR CNBC

Snap unveils latest AR glasses despite ongoing struggles in core ad business

Publishing timestamp: 2024-09-17 18:00:01


Summary

Snap announces fifth generation of Spectacles augmented reality glasses, focusing on AR capabilities and developer tools. Snap's hardware push faces challenges as its core online advertising business struggles, unlike Meta. Investors have been patient with Meta's hardware efforts due to thriving advertising business, but Snap may face more constraints in competing in the hardware market.


Sentiment: MIXED

Tickers: METAAAPLSNAP

Keywords: qualcomm incmobilesnap inctechnologyinternetbreaking news: technologysocial mediabusiness newsmeta platforms incmark zuckerbergapple inc

Source: https://www.cnbc.com/2024/09/17/snap-unveils-latest-ar-glasses-despite-core-business-struggling.html


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