The company is said to be working on two new Spectacles products: a second-generation model that offers bug fixes, performance improvements, and new colors, and a more ambitious version that could feature two lenses and more advanced camera technology that could cost up to $300.
Snap is apparently also in conversations with major glasses companies including Luxottica and Warby Parker to license out its camera technology. As part of the company’s expanding camera ambitions, Heath also reported that Snap quietly acquired imaging company FiveFocal at the end of last year.
The second-generation version of Spectacles is apparently pretty far along; the product is already said to be in the manufacturing phases for a Q2 or Q3 launch. Given that Snapchat infamously took a massive $40 million loss on the first generation of Spectacles, only selling around 150,000 units, the company is expected to produce far fewer units for the new generation of hardware.