Apple is reportedly developing a new product: smart glasses, as indicated by Bloomberg’s Mark Gurman. The device is anticipated to be released by the end of 2026.
Features of the Smart Glasses
The smart glasses are expected to include:
- Cameras, microphones, and speakers: Enabling users to interact with the Siri voice assistant while wearing the glasses.
- Multifunctionality: Users will be able to:
- Listen to music
- Take phone calls directly through the glasses
- Receive step-by-step directions
Market Context
Other tech companies, such as Meta and Google, have already launched their own versions of AI-enabled smart glasses in recent years.
Recent Cancellations by Apple
Mark Gurman did not provide additional details about Apple’s product plans, but he noted that the company has canceled several camera-equipped products due to technical issues discovered during testing earlier this year. The affected products include:
- Camera-equipped Apple Watch
- Updated AirPods Pro models
- Major iPhone lineup upgrade planned for next year
Technical Issues
The cancellations stem from technical problems identified during testing, which have led to significant changes in Apple’s product strategy.
Broader Industry Challenges
These setbacks are part of a larger trend affecting tech companies, where supply chain disruptions have created challenges for manufacturers. Key points include:
- Foxconn Technology Group: Announced a reduction in output at some factories in China due to rising costs and slowing demand from customers like Apple.
- TSMC: Plans to cut capital spending by $10 billion over two years amid declining chip demand.
- Samsung Electronics: Will reduce capital spending by $3 billion over two years due to slower-than-expected growth in memory chip prices.
- Sony Group Corp: Delaying some investments until the next fiscal year, citing global economic uncertainty.
- Intel Corp: Expects a slower revenue growth rate than previously anticipated.
- Micron Technology Inc: Forecasts revenue below analysts’ estimates due to weaker-than-expected sales across all business segments.
These developments highlight the challenges faced by the tech industry amid global economic uncertainty and shifting market demands.
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