Meta mulls doubling output of Ray-Ban glasses by year end, Bloomberg News reports [Yahoo! Finance]
ESSILOR LXTTCA UNSP/ADR (ESLOY)
NASDAQ:AMEX Investor Relations:
essilor.com/en/investors
Company Research
Source: Yahoo! Finance
to 20 ?million units annually by the end of this year, Bloomberg ?News reported on Tuesday. The potential increase, driven by strong demand, could also see capacity ?exceed 30 million units if market conditions warrant, the report said, citing people familiar with the matter. No decision has been finalized though, it added. Reuters could not independently verify the report. EssilorLuxottica declined Reuters request for comment, ?while Meta did not immediately ?respond. The European firm behind Ray-Ban glasses and the manufacturing partner of Meta is already nearing its current production ?target of 10 million pairs by late 2026, according to the report. The eyewear giant said in October it would accelerate production capacity for the booming smart ?glasses business. The companies began their partnership in 2019 and launched their ?Ray-Ban branded frames in 2021, with a promise to upend the smartphone era by letting wearers take photos and videos through tiny cameras in the
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News
- National Vision price target raised to $30 from $26 at Morgan Stanley [Yahoo! Finance]Yahoo! Finance
- EssilorLuxottica (OTCMKTS:ESLOY) was upgraded by analysts at Hsbc Global Res to a "strong-buy" rating.MarketBeat
- EssilorLuxottica (OTCMKTS:ESLOY) was upgraded by analysts at Kepler Capital Markets from a "hold" rating to a "buy" rating.MarketBeat
- Kepler raises EssilorLuxottica rating, highlighting smart glasses opportunity [Yahoo! Finance]Yahoo! Finance
- The Bull Case For EssilorLuxottica (ENXTPA:EL) Could Change Following Meta Smart Glasses Capacity Talks [Yahoo! Finance]Yahoo! Finance