News

It Doesn’t Look Like Spectacles Will Be Able To Save Snapchat

When Snapchat announced its first wearable product, Spectacles, back in September 2016, it made a bold attempt to right the wrongs of Google’s nerdy, uncool Glass product by rolling out a hip and cool sunglasses accessory that could take pictures for your Snap story. A limited rollout began two months later, with each pair of camera-equipped Spectacles retailing for $130.

Less than a year later, Spectacles don’t seem as if they’ll become the must-have gadget Snapchat hoped they would be. In its earnings report for the second quarter of 2017, the messaging app said its “other revenue” segment, driven primarily by Spectacles, took in just $5.4 million between April and June. As outlets like Variety have noted, that translates to just 42,000 Spectacles sales, a decline from the 62,000 pieces of product Snapchat moved during the first quarter of the year.

The decline is especially grim given that Q2 2017 was the first full quarter in which Spectacles were available to all members of the general public. The wearable line had its public rollout in February

, but interest has cooled since then, perhaps due to the steep price of the product.

Subscribe for daily Tubefilter Top Stories

Subscribe

What makes the decline of Spectacles extra dangerous for Snapchat is the fact that wearables are supposed to be a big part of the tech company’s brand going forward. When they were launched, the app simultaneously rebranded itself to become Snap Inc. That move signaled its intention to sell more than just disappearing messages.

The lumps Snapchat has taken since announcing its IPO earlier this year have been well-documented. The company’s audience is increasingly favoring Instagram, and its stock has plummeted with each piece of bad news.

Though the future of Spectacles seems bleak, Snapchat still hopes to launch other hardware products. Reports have surfaced that the tech company is working on a line of consumer drones — or at least it was back in March.

Share
Published by
Sam Gutelle

Recent Posts

YouTube just made a Shorts deepfake machine so creators don’t have to be in their own videos

Hey YouTubers! Do you want to be rid of the pesky chore of actually appearing…

3 days ago

Have you heard? Gaming Historian says so long, Ms. Rachel sells shoes, and TikTok ad exec moves on.

Each week, we handpick a selection of stories to give you a snapshot of trends,…

3 days ago

NAB Show wants to be the meeting ground for creators and legacy entertainment: “These two segments have so much to offer each other right now”

Back in 2024, the National Association of Broadcasters recognized the importance of content creators by…

3 days ago

Hoorae returns to Issa Rae’s web series roots with “Screen Time” microdrama

Too much screen time can be a dangerous thing, and Hoorae is taking that idea literally. The…

3 days ago

Kylie Jenner brings “star power and aura” to hydration product k2o, launched in tandem with Night

The latest product backed by Night's venture studio emerged out of a partnership between the creator…

3 days ago

Hollywood has a lot to learn from creator animators (and their IPs), YouTube says in latest Culture & Trends report

Indie animation is flourishing on YouTube. From the pop culture juggernaut that is The Amazing…

4 days ago