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

Sales of Ray-Ban Meta smart glasses have experienced a remarkable surge, with revenue more than tripling year-over-year, according to the latest earnings report from EssilorLuxottica. This impressive growth is attributed to the successful collaboration with Meta, the parent company of Facebook, which began in 2019. EssilorLuxottica disclosed that the burgeoning popularity of the Ray-Ban Meta glasses has significantly contributed to the company's first-half sales, which totaled €14.02 billion (approximately $16.25 billion). This figure marks a 7.3% increase compared to the same period last year. In a joint statement, CEO Francesco Milleri and deputy CEO Paul du Saillant emphasized the company's commitment to transforming eyewear into the next computing platform, integrating AI, sensory technology, and a robust healthcare data infrastructure to enhance human capabilities. The earnings report also highlighted the recent introduction of the new Oakley Meta smart glasses, launched in June, further expanding their product lineup through the ongoing partnership with Meta. Reports indicate that the two companies are also planning to unveil a Prada-branded version of smart glasses in the future. Luxottica, which owns several prominent eyewear brands such as Ray-Ban and Oakley, is poised to continue its innovative approach in smart eyewear. In a significant move, Meta renewed its long-term partnership with Luxottica, aiming to collaborate over the next decade on the development of multi-generational smart eyewear products. This strategic alliance underscores the companies' dedication to pushing the boundaries of technology in eyewear.