What Happened: The new version of Meta's smart glasses will come with a built-in screen, hand-gesture controls, and a price tag ranging from $1,000 to $1,400, reported Bloomberg, citing sources familiar with the matter.
The device, code-named Hypernova, could feature a monocular display in the lower-right quadrant of the right lens.
Why It Matters: Previously, it was reported that Apple might be considering a new lightweight glasses design following the lukewarm response to its first-generation mixed reality headset, Vision Pro.
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The steep price hike for Meta's new model Hypernova is primarily due to the screen, the report noted.
Price Action: Meta stock closed 1.67% higher at $586 on Tuesday. However, year-to-date, the company’s shares have dropped 2.21%, according to Benzinga Pro.
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