Reported 14 days ago
EssilorLuxottica achieved record sales in the third quarter, reporting an 11.7% year-on-year increase to €6.9 billion, largely fueled by the success of its AI-powered Ray-Ban smart glasses developed in collaboration with Meta Platforms. The company plans to accelerate production to meet the growing demand for wearable tech, despite raising U.S. prices due to tariffs. The upgraded second-generation Ray-Ban Meta smart glasses, which feature improved technology, launched recently and are expected to expand their market by 2026.
Source: YAHOO