Snap Investor

First look at $SNAP Specs, revealed during @evanspiegel AWE presentation today.

@FinanceJack44 These are not remotely similar.

For reference, the top of the line AI glasses from $META are only $799. They are also much slimmer and are powered by Meta's own AI model.

$SNAP Specs are the new computers. From casual use, to business. There are some many reasons why people, or companies would buy these. They're not meant to be a fashion statement. The stock is at bottom barrel bargain pricing. This right here is how you turn 1 to 10.

Stifel reiterated a Hold rating on Snap after CEO Evan Spiegel gave a presentation at Augmented World Expo, featuring a handful of new announcements around Lens Studio and the developer ecosystem, as well as a look at the upcoming launch of the SPECS AR glasses. The firm believes the keynote demonstrated the scale of Snap's developer ecosystem, and while the upcoming launch of SPECS reflects a material step forward in expanding the non-app business, the firm believes the relatively premium price point likely keeps adoption limited in the near-term. Stifel added that, given the likely small base, it would not expect growth in SPECS to be a meaningful contributor to a top-line re-acceleration in the near-term, and remains cautious given ongoing headwinds.

$SNAP is moving in the right direction, with the amount of compute these AR devices require it will take time to miniaturize the tech. The new specs (above) are a big improvement from the developer specs below. Lots of work still but these things take time like any new technology @specs

> Fixed Vision Pro's weight issue > No stupid puck to haul around > Attachable charger to extend battery > Runs apps unlike AI glasses > On the go agent orchestration > On the go movie theatre > $1200 less than Vision Pro > Fashion forward branding I like it ¯\_(ツ)_/¯

Funny how prior to today’s presentation by @evanspiegel, rumors were that @specs would be priced at ~$2500. Now actually lower than rumored, still resulting in a selloff of the stock.

This is the progress on @specs in 1.5 years time by $SNAP. Image 5 or even 10 years from now.

@n35975 @ARealityEvent It’s already done. Appearance might be uploaded to AWE YouTube channel, not sure though.

@SnapInvestors @ARealityEvent Is there a live stream I can watch for free or have to register for the event ?

$SNAP CTO and co-founder Bobby Murphy just took the stage at @ARealityEvent.

@specs are a huge improvement from the previous spectacles (generation 5), released in September 2024. Keep in mind $SNAP managed to do this with limited resources (compared to tech giants) and these products are just 1.5 years apart.

@InsanityRules 💯

@SnapInvestors Most people have no clue what they just witnessed— drowned out by the usual manufactured trolling from people who have never commented on SNAP before in a clear misinformation campaign. These are a major innovation and introduction that will be valuable in multiple sectors.

Unpopular opinion: $SNAP holds up incredibly well with Specs in the AR race against giants like $META. A true AR consumer product without a separate computing device is an incredible achievement. At $2195 it’s far lower than the reported $10k production cost for $META Orion.

One thing that would make $SNAP run 10% in a day is a decent sized insider buy from @evanspiegel. Vote of confidence.

@raywongy I mean, if it’s a yes for 1% of people, that’s still excellent sales numbers.

Snap Specs for $2,195 is an instant nope for 99% people

tbh hope for the future of smart glasses is why i didn't get lasik but i hope they are actually good, i want AR much more than AI in smart glasses

@redshiftbishop $META RayBan Display aren’t comparable at all. The Meta Display can’t even be called true AR glasses really.

yeah....no. way too bulky for not enough of a value add to the meta ray bans. $META took an already classic design and added a small computer while snap and apple tried to reinvent the computer with new, unnatural designs. no wonder $SNAP is down 5% they might sell 1000 of these

Evan Spiegel showing off the new Specs AR glasses to the public for the first time.

$META Orion reportedly costs $10,000 to produce, has a separate computing puck, and isn’t available to consumers. $SNAP Specs are available for $2,500, and are expected to start shipping this fall. It’s incredibly hard to produce AR glasses with similar features for less.

The Snap Specs are official - $2,195, all-in-one AR glasses that @EvanSpiegel has dubbed the next computer. Details and interview here. bloomberg.com/news/articles/…