Last month, Cheddar reported that Snap was working on two new versions of the Spectacles wearable cameras: a more modest upgrade that would offer bug fixes, improved performance, and new colors, and a more drastic update that would feature two camera lenses and could cost up to $300. Earlier this month, the FCC published documents for a “wearable video camera” from Snap Inc. with “Spectacles” and “Model 002” branding, which seemed confirm that the simpler upgraded model was on the way.
Snap’s original Spectacles were a flash-in-the-pan success when they first launched, in part due to the viral hype surrounding them and Snap’s gradual rollout of the colorful, Snapchat-enabled video glasses. But that early hype didn’t translate into long-term success, eventually leaving the company with hundreds of thousands of unsold units, amounting to a $40 million loss in unsold inventory.
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