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Snap is reportedly working on a new version of Spectacles

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A second-generation model with improved performance and a $300 third-gen device with two cameras are in the works

Snap is apparently working on new versions of its Spectacles wearable camera, according to a report from Alex Heath on Cheddar this morning.

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.