Report: Snapchat has hundreds of thousands of unsold Spectacles sitting in storage
In late 2016, Snap launched Spectacles: a wearable camera embedded into a pair of sunglasses. At first, Spectacles could only be purchased from a special yellow vending machine, making the availability very limited. Long lines and high eBay resale prices seemed to indicate high consumer demand, and eventually Snap decided to start selling the glasses through major retailers.
But a new report indicates that initial demand had more to do with novelty than actual desire... and now Snap is in trouble.
Since first launching Spectacles, including the wider Amazon launch this past summer, Snap has sold more than 150,000 units; however, a new report by The Information claims that "hundreds of thousands" of Spectacles units sit unsold in warehouses, eclipsing the number Snap has already sold. Snap misinterpreted the initial demand, and now they're stuck with a lot of unsold (and possibly unsellable) camera glasses.
To make matters worse, The Information's sources also claim that Snap has abandoned plans to launch its own drone. Pair this news with mediocre stock performance since going public, and the rising popularity of Instagram Stories, and things don't look good for Snap Inc. ... not at all.
![Instagram clarifies its sublicense terms don't cover embedded images]()
|
![Dutch court rules grandmother must remove photos of grandchildren from social media under GDPR]()
|
![The Associated Press criticized over social media rights requests for free content]()
|
![Instagram expands fact-checking program with misinformation warnings on images]()
|
|
Jun 5, 2020
|
May 21, 2020
|
May 18, 2020
|
Dec 18, 2019
|
H&Y has announced a new system of magnetic filters and accessories called Swift, designed to make switching filters in the field faster and easier than traditional filter systems. We tested two magnetic kits aimed at still photographers and filmmakers
Canon's EOS R7 is a 33MP APS-C enthusiast mirrorless camera built around the RF mount. It brings advanced autofocus and in-body stabilization to the part of the market currently served by the EOS 90D.
The Canon EOS R10 is a 24MP APS-C mirrorless camera built around Canon's RF mount. It's released alongside a collapsible 18-45mm F4.5-6.3 IS STM zoom to give a usefully compact, remarkably 'Rebel'-like camera.
Chris and Jordan took a trip to sweltering Florida to test out Canon's new RF-Mount APS-C cameras. Give it a watch to find out our initial impressions.
The new Panasonic Leica 9mm F1.7 sure is tiny and cute, but is it a good choice for Micro Four Thirds users? Our team at DPReview TV has the answers.
What's the best camera for shooting landscapes? High resolution, weather-sealed bodies and wide dynamic range are all important. In this buying guide we've rounded-up several great cameras for shooting landscapes, and recommended the best.
If you're looking for the perfect drone for yourself, or to gift someone special, we've gone through all of the options and selected our favorites.
What’s the best camera for around $2000? These capable cameras should be solid and well-built, have both speed and focus for capturing fast action and offer professional-level image quality. In this buying guide we’ve rounded up all the current interchangeable lens cameras costing around $2000 and recommended the best.
Most modern cameras will shoot video to one degree or another, but these are the ones we’d look at if you plan to shoot some video alongside your photos. We’ve chosen cameras that can take great photos and make it easy to get great looking video, rather than being the ones you’d choose as a committed videographer.
Although a lot of people only upload images to Instagram from their smartphones, the app is much more than just a mobile photography platform. In this guide we've chosen a selection of cameras that make it easy to shoot compelling lifestyle images, ideal for sharing on social media.
Comments